Playa Hotels & Resorts (NASDAQ:PLYA) Short Interest Update

Playa Hotels & Resorts (NASDAQ:PLYA) was the recipient of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 4,410,000 shares, a drop of 24.1% from the November 15th total of 5,810,000 shares. Currently, 5.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of PLYA. Gladius Capital Management LP bought a new stake in shares of Playa Hotels & Resorts during the 2nd quarter valued at approximately $61,000. Quarry LP grew its stake in shares of Playa Hotels & Resorts by 141.3% during the second quarter. Quarry LP now owns 8,686 shares of the company’s stock worth $73,000 after buying an additional 5,087 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Playa Hotels & Resorts during the second quarter worth $88,000. Marshall Wace LLP bought a new position in shares of Playa Hotels & Resorts in the 2nd quarter valued at $102,000. Finally, AdvisorShares Investments LLC bought a new position in Playa Hotels & Resorts in the second quarter valued at about $105,000. Institutional investors own 74.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Playa Hotels & Resorts from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Oppenheimer increased their price target on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ:PLYA opened at $10.15 on Friday. The company’s 50 day simple moving average is $9.18 and its 200 day simple moving average is $8.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $10.50. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.