Goldman Sachs Group Inc. lowered its position in Playa Hotels & Resorts NV (NASDAQ:PLYA) by 87.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,038 shares of the company’s stock after selling 356,320 shares during the period. Goldman Sachs Group Inc.’s holdings in Playa Hotels & Resorts were worth $182,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Marlowe Partners LP grew its holdings in Playa Hotels & Resorts by 7.0% during the 1st quarter. Marlowe Partners LP now owns 4,044,962 shares of the company’s stock valued at $7,079,000 after buying an additional 264,335 shares during the last quarter. North Peak Capital Management LLC bought a new stake in shares of Playa Hotels & Resorts during the first quarter valued at approximately $2,276,000. BlackRock Inc. raised its holdings in shares of Playa Hotels & Resorts by 3.3% during the first quarter. BlackRock Inc. now owns 1,298,507 shares of the company’s stock valued at $2,272,000 after buying an additional 41,393 shares during the last quarter. Northwood Liquid Management LP raised its holdings in shares of Playa Hotels & Resorts by 15.9% during the first quarter. Northwood Liquid Management LP now owns 1,042,862 shares of the company’s stock valued at $1,825,000 after buying an additional 142,905 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Playa Hotels & Resorts by 1.9% during the first quarter. Wells Fargo & Company MN now owns 652,831 shares of the company’s stock valued at $1,142,000 after buying an additional 12,025 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Shares of NASDAQ:PLYA opened at $4.19 on Tuesday. Playa Hotels & Resorts NV has a 12 month low of $1.30 and a 12 month high of $8.59. The stock has a market cap of $563.53 million, a price-to-earnings ratio of -3.46 and a beta of 2.15. The stock’s 50 day moving average price is $4.20 and its 200 day moving average price is $3.25. The company has a debt-to-equity ratio of 1.76, a current ratio of 2.79 and a quick ratio of 2.68.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.47) by $0.01. The firm had revenue of $0.98 million for the quarter, compared to analyst estimates of $0.61 million. Playa Hotels & Resorts had a negative net margin of 34.82% and a negative return on equity of 12.73%. The firm’s quarterly revenue was down 99.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, sell-side analysts expect that Playa Hotels & Resorts NV will post -1.4 EPS for the current year.

A number of equities research analysts have recently weighed in on PLYA shares. Deutsche Bank reaffirmed a “buy” rating and set a $8.00 price target on shares of Playa Hotels & Resorts in a report on Sunday, August 9th. Zacks Investment Research cut Playa Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. BidaskClub cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 23rd. Finally, Citigroup lifted their price target on Playa Hotels & Resorts from $1.00 to $3.00 and gave the company a “sell” rating in a report on Thursday, July 2nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.10.

Playa Hotels & Resorts Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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