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

Renaissance Investment Management, an investment management company, released its Q4 2024 “International Small Cap Strategy” investor letter. A copy of the letter can be downloaded here. In 2024, international equities experienced a second consecutive year of growth but underperformed their U.S. counterparts due to weak economic growth, political turmoil, tariff threats, and a strong U.S. dollar. The portfolio generated negative returns in the fourth quarter but outperformed the benchmark. For more information on the fund’s best picks in 2024, please check its top five holdings.

In its fourth quarter 2024 investor letter, Renaissance International Small Cap Strategy emphasized stocks such as Playa Hotels & Resorts N.V. (NASDAQ:PLYA). Headquartered in Amsterdam, the Netherlands, Playa Hotels & Resorts N.V. (NASDAQ:PLYA) owns, and operates resorts in Mexico and the Caribbean. The one-month return of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) was 0.08%, and its shares gained 41.31% of their value over the last 52 weeks. On April 2, 2025, Playa Hotels & Resorts N.V. (NASDAQ:PLYA) stock closed at $13.34 per share with a market capitalization of $1.641 billion.

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

“Another strong performer was Playa Hotels & Resorts N.V. (NASDAQ:PLYA) (Netherlands). Shares of the owner and operator of resorts in the Caribbean and Mexico rose after reporting they had entered into an exclusivity agreement with Hyatt regarding strategic alternatives.”

5 Best Luxury Resorts in the Caribbean for Adults

Aerial view of the beachfront resort with a palm tree-lined beach.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Playa Hotels & Resorts N.V. (NASDAQ:PLYA) at the end of the fourth quarter compared to 22 in the third quarter. While we acknowledge the potential of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

We covered Playa Hotels & Resorts N.V. (NASDAQ:PLYA) in another article, where we shared Voss Capital’s views on the company. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.