Nkcfo LLC Invests $696,000 in Playa Hotels & Resorts (NASDAQ:PLYA)

Nkcfo LLC acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA) in the 4th quarter, Holdings Channel reports. The fund acquired 55,000 shares of the company’s stock, valued at approximately $696,000.

A number of other hedge funds have also made changes to their positions in PLYA. Avidian Wealth Enterprises LLC acquired a new stake in Playa Hotels & Resorts in the fourth quarter worth approximately $126,000. Barclays PLC lifted its holdings in shares of Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after buying an additional 19,298 shares during the period. EMC Capital Management boosted its stake in Playa Hotels & Resorts by 193.5% during the fourth quarter. EMC Capital Management now owns 24,632 shares of the company’s stock valued at $312,000 after buying an additional 16,240 shares in the last quarter. FMR LLC grew its holdings in Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after acquiring an additional 9,713 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Playa Hotels & Resorts by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after acquiring an additional 3,555 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock opened at $13.35 on Friday. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.38. The firm’s 50 day simple moving average is $12.05 and its 200-day simple moving average is $9.67. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The company has a market cap of $1.62 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54.

Analyst Ratings Changes

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

Playa Hotels & Resorts 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.