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

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PLYA. Truist Financial upped their price objective on Playa Hotels & Resorts from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Oppenheimer increased 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Playa Hotels & Resorts Price Performance

NASDAQ PLYA opened at $10.15 on Friday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $10.50. The business has a 50 day simple moving average of $9.18 and a 200 day simple moving average of $8.44. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.53 and a beta of 1.64.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC increased its stake in shares of Playa Hotels & Resorts by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after purchasing an additional 1,664 shares during the last quarter. Barclays PLC increased 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 worth $165,000 after buying an additional 19,298 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Playa Hotels & Resorts by 85.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the company’s stock valued at $423,000 after buying an additional 25,192 shares during the period. Jane Street Group LLC boosted its stake in shares of Playa Hotels & Resorts by 207.8% during the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after acquiring an additional 56,506 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth approximately $6,032,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.