American Century Companies Inc. Increases Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

American Century Companies Inc. boosted its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,980,647 shares of the company’s stock after buying an additional 244,584 shares during the quarter. American Century Companies Inc. owned approximately 2.45% of Playa Hotels & Resorts worth $37,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. New South Capital Management Inc. bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $11,374,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Playa Hotels & Resorts in the 3rd quarter worth $6,032,000. Raymond James Financial Inc. bought a new stake in Playa Hotels & Resorts in the fourth quarter worth $5,308,000. De Lisle Partners LLP boosted its position in Playa Hotels & Resorts by 14.9% during the third quarter. De Lisle Partners LLP now owns 229,150 shares of the company’s stock valued at $1,777,000 after buying an additional 29,700 shares during the period. Finally, Maverick Capital Ltd. grew its stake in shares of Playa Hotels & Resorts by 24.5% during the third quarter. Maverick Capital Ltd. now owns 207,357 shares of the company’s stock valued at $1,607,000 after buying an additional 40,821 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Price Performance

Shares of Playa Hotels & Resorts stock opened at $13.33 on Friday. The company has a market cap of $1.64 billion, a PE ratio of 27.77, a P/E/G ratio of 2.44 and a beta of 1.44. The business has a 50 day moving average of $13.07 and a 200 day moving average of $10.80. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.40. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $218.94 million during the quarter, compared to analysts’ expectations of $212.26 million. As a group, equities research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PLYA shares. Truist Financial restated a “hold” rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Macquarie cut shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Finally, Oppenheimer lowered shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, Playa Hotels & Resorts currently has a consensus rating of “Hold” and an average 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.