Here’s Why Playa Hotels & Resorts N.V. (PLYA) Rose in Q4

2 months ago 12

Soumya Eswaran

Thu, Apr 3, 2025, 7:06 AM 2 min read

Renaissance Investment Management, an concern absorption company, released its Q4 2024 “International Small Cap Strategy” capitalist letter. A transcript of the missive tin beryllium downloaded here. In 2024, planetary equities experienced a 2nd consecutive twelvemonth of maturation but underperformed their U.S. counterparts owed to anemic economical growth, governmental turmoil, tariff threats, and a beardown U.S. dollar. The portfolio generated antagonistic returns successful the 4th fourth but outperformed the benchmark. For much accusation connected the fund’s champion picks successful 2024, delight cheque its apical 5 holdings.

In its 4th fourth 2024 capitalist letter, Renaissance International Small Cap Strategy emphasized stocks specified arsenic Playa Hotels & Resorts N.V. (NASDAQ:PLYA). Headquartered successful Amsterdam, the Netherlands, Playa Hotels & Resorts N.V. (NASDAQ:PLYA) owns, and operates resorts successful Mexico and the Caribbean. The one-month instrumentality of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) was 0.08%, and its shares gained 41.31% of their worth implicit the past 52 weeks. On April 2, 2025, Playa Hotels & Resorts N.V. (NASDAQ:PLYA) banal closed astatine $13.34 per stock with a marketplace capitalization of $1.641 billion.

Renaissance International Small Cap Strategy stated the pursuing regarding Playa Hotels & Resorts N.V. (NASDAQ:PLYA) successful its Q4 2024 capitalist letter:

"Another beardown performer was Playa Hotels & Resorts N.V. (NASDAQ:PLYA) (Netherlands). Shares of the proprietor and relation of resorts successful the Caribbean and Mexico roseate aft reporting they had entered into an exclusivity statement with Hyatt regarding strategical alternatives."

5 Best Luxury Resorts successful the Caribbean for Adults

Aerial presumption of the beachfront edifice with a thenar tree-lined beach.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge money portfolios held Playa Hotels & Resorts N.V. (NASDAQ:PLYA) astatine the extremity of the 4th fourth compared to 22 successful the 3rd quarter. While we admit the imaginable of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.

We covered Playa Hotels & Resorts N.V. (NASDAQ:PLYA) successful different article, wherever we shared Voss Capital's views connected the company. In addition, delight cheque retired our hedge money capitalist letters Q4 2024 page for much capitalist letters from hedge funds and different starring investors.

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