SkyView Investment Advisors LLC Purchases 4,389 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

SkyView Investment Advisors LLC raised its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,023 shares of the company’s stock after acquiring an additional 4,389 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Playa Hotels & Resorts were worth $470,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in shares of Playa Hotels & Resorts by 9.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,421,243 shares of the company’s stock valued at $46,894,000 after purchasing an additional 461,888 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Playa Hotels & Resorts in the 1st quarter valued at $134,000. BNP Paribas Financial Markets lifted its position in shares of Playa Hotels & Resorts by 7.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,081,651 shares of the company’s stock valued at $10,492,000 after acquiring an additional 73,614 shares during the period. Russell Investments Group Ltd. boosted its stake in Playa Hotels & Resorts by 17.9% during the first quarter. Russell Investments Group Ltd. now owns 71,235 shares of the company’s stock worth $691,000 after acquiring an additional 10,820 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Playa Hotels & Resorts in the first quarter worth $98,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Price Performance

PLYA stock opened at $7.80 on Monday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.13 and a current ratio of 2.23. The business has a 50-day simple moving average of $7.79 and a two-hundred day simple moving average of $8.46. The company has a market capitalization of $1.04 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.62. Playa Hotels & Resorts has a 52-week low of $6.88 and a 52-week high of $9.85.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $235.48 million for the quarter, compared to analysts’ expectations of $228.95 million. Playa Hotels & Resorts had a return on equity of 11.79% and a net margin of 5.85%. Playa Hotels & Resorts’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Research analysts expect that Playa Hotels & Resorts will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Macquarie reaffirmed an “outperform” rating and set a $14.00 price target on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. Citigroup reissued a “neutral” rating and issued a $8.00 price objective (down previously from $12.00) on shares of Playa Hotels & Resorts in a research note on Tuesday, August 13th. Oppenheimer lowered their target price on Playa Hotels & Resorts from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Truist Financial reduced their price target on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Playa Hotels & Resorts Profile

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.