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

Playa Hotels & Resorts (NASDAQ:PLYA) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 6,100,000 shares, a growth of 16.6% from the October 15th total of 5,230,000 shares. Based on an average daily volume of 999,000 shares, the short-interest ratio is currently 6.1 days. Approximately 7.0% of the shares of the company are sold short.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA traded down $0.02 during trading on Friday, hitting $9.49. 799,752 shares of the company’s stock were exchanged, compared to its average volume of 1,192,374. The business’s 50-day simple moving average is $8.38 and its 200 day simple moving average is $8.28. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.64 and a beta of 1.60. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $10.13. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Institutional Investors Weigh In On Playa Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of PLYA. Aristides Capital LLC boosted its position in shares of Playa Hotels & Resorts by 6.0% during the second quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after acquiring an additional 1,739 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Playa Hotels & Resorts by 1.4% during the 2nd quarter. AQR Capital Management LLC now owns 144,146 shares of the company’s stock valued at $1,209,000 after purchasing an additional 2,006 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Playa Hotels & Resorts by 15.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company’s stock valued at $216,000 after purchasing an additional 3,371 shares during the last quarter. PDT Partners LLC grew its position in shares of Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Playa Hotels & Resorts by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after purchasing an additional 3,555 shares during the last quarter. Institutional investors own 74.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLYA. Citigroup restated a “neutral” rating and set a $8.00 target price (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Oppenheimer upped their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Truist Financial decreased their target price on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut their price target on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Playa Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

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.