Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in Playa Hotels & Resorts N.V. (NASDAQ:PLYA) by 59.5% in Q1, now holding 15,833 shares valued at $211,000. Other institutional investors have also adjusted their positions, with Bank of New York Mellon Corp increasing its stake by 313.6%. Playa Hotels & Resorts reported a Q1 EPS of $0.37, missing estimates, with revenue down 11.1% year-over-year. Analysts maintain a "Hold" rating with an average price target of $12.00.

Oppenheimer & Co. Inc. lowered its stake in Playa Hotels & Resorts N.V. (NASDAQ:PLYA - Free Report) by 59.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,833 shares of the company's stock after selling 23,235 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Playa Hotels & Resorts were worth $211,000 at the end of the most recent quarter.

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Several other institutional investors have also bought and sold shares of PLYA. Bank of New York Mellon Corp lifted its holdings in Playa Hotels & Resorts by 313.6% in the fourth quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock worth $1,025,000 after purchasing an additional 61,431 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Playa Hotels & Resorts by 86.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after purchasing an additional 4,342 shares during the period. New South Capital Management Inc. acquired a new stake in Playa Hotels & Resorts in the fourth quarter worth about $11,374,000. Raymond James Financial Inc. acquired a new stake in Playa Hotels & Resorts in the fourth quarter worth about $5,308,000. Finally, American Century Companies Inc. lifted its holdings in Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock worth $37,705,000 after purchasing an additional 244,584 shares during the period. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Price Performance

Shares of Playa Hotels & Resorts stock opened at $13.48 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.15 and a debt-to-equity ratio of 2.02. The company's 50-day moving average price is $13.46 and its two-hundred day moving average price is $13.07. Playa Hotels & Resorts N.V. has a 52 week low of $6.95 and a 52 week high of $13.51. The stock has a market cap of $1.66 billion, a PE ratio of 27.51 and a beta of 0.62.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). Playa Hotels & Resorts had a return on equity of 14.09% and a net margin of 6.92%. The business had revenue of $267.29 million during the quarter, compared to the consensus estimate of $262.24 million. During the same quarter last year, the firm posted $0.40 earnings per share. Playa Hotels & Resorts's revenue was down 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Playa Hotels & Resorts N.V. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Macquarie reiterated a "neutral" rating and issued a $13.50 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, Playa Hotels & Resorts presently has an average rating of "Hold" and an average price target of $12.00.

View Our Latest Research Report on Playa Hotels & Resorts

Playa Hotels & Resorts Profile

(Free Report)

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.

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