Cinctive Capital Management LP Invests $3.26 Million in Playa Hotels & Resorts (NASDAQ:PLYA)

Cinctive Capital Management LP bought a new position in Playa Hotels & Resorts (NASDAQ:PLYA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 257,369 shares of the company’s stock, valued at approximately $3,256,000. Cinctive Capital Management LP owned approximately 0.21% of Playa Hotels & Resorts at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its position in Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after acquiring an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at $126,000. Barclays PLC raised its position in shares of Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after acquiring an additional 19,298 shares during the last quarter. FMR LLC lifted its stake in shares of Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after acquiring an additional 9,713 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Playa Hotels & Resorts in the fourth quarter valued at about $226,000. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Stock Performance

PLYA opened at $13.34 on Thursday. The firm’s fifty day moving average is $13.14 and its two-hundred day moving average is $10.98. The firm has a market cap of $1.64 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.40. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The business had revenue of $218.94 million during the quarter, compared to analysts’ expectations of $212.26 million. Equities research analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Macquarie lowered shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Oppenheimer lowered shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Finally, Truist Financial reissued a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Playa Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.