Syquant Capital Sas Takes $4.10 Million Position in Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

Syquant Capital Sas bought a new stake in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 307,458 shares of the company’s stock, valued at approximately $4,098,000. Playa Hotels & Resorts makes up about 2.9% of Syquant Capital Sas’ investment portfolio, making the stock its 6th biggest position. Syquant Capital Sas owned approximately 0.25% of Playa Hotels & Resorts as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in Playa Hotels & Resorts by 383.9% in the 4th quarter. Barclays PLC now owns 102,785 shares of the company’s stock worth $1,300,000 after acquiring an additional 81,545 shares in the last quarter. Seven Six Capital Management LLC purchased a new stake in Playa Hotels & Resorts in the 4th quarter worth $4,825,000. SG Americas Securities LLC purchased a new stake in Playa Hotels & Resorts in the 1st quarter worth $742,000. Raymond James Financial Inc. acquired a new stake in Playa Hotels & Resorts during the 4th quarter worth $5,308,000. Finally, Mackenzie Financial Corp boosted its stake in Playa Hotels & Resorts by 294.3% during the 4th quarter. Mackenzie Financial Corp now owns 42,522 shares of the company’s stock worth $538,000 after purchasing an additional 31,737 shares during the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Performance

NASDAQ PLYA opened at $13.48 on Tuesday. The firm’s 50-day moving average is $13.45 and its two-hundred day moving average is $12.92. Playa Hotels & Resorts N.V. has a 12 month low of $6.95 and a 12 month high of $13.51. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.23 and a quick ratio of 2.15. The stock has a market capitalization of $1.66 billion, a P/E ratio of 27.51 and a beta of 0.65.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The company had revenue of $267.29 million during the quarter, compared to analyst estimates of $262.24 million. Playa Hotels & Resorts had a net margin of 6.92% and a return on equity of 14.09%. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS. On average, sell-side analysts anticipate that Playa Hotels & Resorts N.V. will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Macquarie reaffirmed a “neutral” rating and set a $13.50 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm operates through the following geographical segments: 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.