Playa Hotels & Resorts (NASDAQ:PLYA) Position Lowered by CastleKnight Management LP
CastleKnight Management LP decreased its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 855,100 shares of the company's stock after selling 92,800 shares during the perio CastleKnight Management LP decreased its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 9.8% during the 4th quarter. The fund now owns 855,100 shares of the company's stock, after selling 92,800 shares during the period. The company's holdings accounted for 0.4% of CastleKnight Management's investment portfolio, making it its 26th biggest holding. Other large investors have also modified their holdings in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Playa by 16.9% in the fourth quarter. HBK Sorce Advisory LLC increased its holdings by 6.2%. The company recently reported $0.40 earnings per share for Q4, beating analyst estimates of $77 million.
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CastleKnight Management LP decreased its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 855,100 shares of the company's stock after selling 92,800 shares during the period. Playa Hotels & Resorts comprises about 0.4% of CastleKnight Management LP's investment portfolio, making the stock its 26th biggest holding. CastleKnight Management LP owned about 0.63% of Playa Hotels & Resorts worth $7,397,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new position in Playa Hotels & Resorts in the third quarter worth about $76,000. Inceptionr LLC bought a new position in Playa Hotels & Resorts in the fourth quarter worth about $93,000. CenterBook Partners LP bought a new position in Playa Hotels & Resorts in the third quarter worth about $98,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Playa Hotels & Resorts by 16.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company's stock worth $158,000 after acquiring an additional 2,634 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its holdings in Playa Hotels & Resorts by 6.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company's stock worth $204,000 after acquiring an additional 1,369 shares during the last quarter. Institutional investors own 74.58% of the company's stock.
Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Playa Hotels & Resorts from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. Truist Financial raised their price target on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, February 27th.
Get Our Latest Stock Analysis on PLYA
In related news, Director Karl Mr. Peterson sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total value of $47,900.00. Following the completion of the transaction, the director now owns 2,529,033 shares of the company's stock, valued at approximately $24,228,136.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.70% of the company's stock.
NASDAQ PLYA opened at $8.52 on Monday. Playa Hotels & Resorts has a 12 month low of $6.88 and a 12 month high of $9.85. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.26 and a quick ratio of 2.16. The firm has a market capitalization of $1.13 billion, a PE ratio of 18.52, a P/E/G ratio of 0.67 and a beta of 1.56. The company's 50 day simple moving average is $8.92 and its 200 day simple moving average is $8.71.
Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. The firm had revenue of $300.64 million for the quarter, compared to analyst estimates of $273.77 million. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. As a group, equities research analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.
Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.
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