Playa Hotels & Resorts (NASDAQ:PLYA) Sees Significant Decrease in Short Interest

Playa Hotels & Resorts (NASDAQ:PLYA) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 4,080,000 shares, a decrease of 27.0% from the December 15th total of 5,590,000 shares. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is presently 3.5 days. Approximately 4.8% of the company’s shares are short sold.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several institutional investors have recently bought and sold shares of the business. Quarry LP boosted its position in Playa Hotels & Resorts by 141.3% during the 2nd quarter. Quarry LP now owns 8,686 shares of the company’s stock valued at $73,000 after acquiring an additional 5,087 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth $88,000. Marshall Wace LLP purchased a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth $102,000. Barclays PLC boosted its position in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after purchasing an additional 19,298 shares in the last quarter. Finally, FMR LLC grew its stake in Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after purchasing an additional 9,713 shares during the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Up 0.4 %

NASDAQ PLYA traded up $0.05 during trading on Wednesday, reaching $12.41. 1,821,450 shares of the company’s stock traded hands, compared to its average volume of 1,153,672. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $12.81. 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 firm has a market cap of $1.51 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.52 and a beta of 1.56. The company’s 50 day simple moving average is $10.68 and its two-hundred day simple moving average is $8.98.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PLYA shares. Truist Financial reaffirmed a “hold” rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Oppenheimer raised their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Playa Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Playa Hotels & Resorts Company 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.