Raymond James Financial Inc. Purchases Shares of 419,622 Playa Hotels & Resorts (NASDAQ:PLYA)

Raymond James Financial Inc. purchased a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) during the 4th quarter, Holdings Channel.com reports. The fund purchased 419,622 shares of the company’s stock, valued at approximately $5,308,000.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its holdings in Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in Playa Hotels & Resorts in the 4th quarter worth approximately $126,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $226,000. Barclays PLC grew its stake in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after purchasing an additional 19,298 shares during the period. Finally, EMC Capital Management lifted its stake in shares of Playa Hotels & Resorts by 193.5% in the 4th quarter. EMC Capital Management now owns 24,632 shares of the company’s stock valued at $312,000 after purchasing an additional 16,240 shares during the period. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Playa Hotels & Resorts Trading Down 0.1 %

Shares of Playa Hotels & Resorts stock opened at $13.43 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.44. The firm has a market capitalization of $1.65 billion, a PE ratio of 27.98, a P/E/G ratio of 2.44 and a beta of 0.91. The firm’s 50-day moving average price is $13.34 and its 200 day moving average price is $11.66.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. On average, sell-side analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

About Playa Hotels & Resorts

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.