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

Playa Hotels & Resorts (NASDAQ:PLYA) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 3,070,000 shares, a drop of 27.8% from the January 15th total of 4,250,000 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily volume of 2,380,000 shares, the short-interest ratio is presently 1.3 days.

Playa Hotels & Resorts Stock Down 0.1 %

PLYA traded down $0.02 during trading on Friday, hitting $13.35. The company had a trading volume of 1,978,014 shares, compared to its average volume of 1,161,128. The company has a market capitalization of $1.62 billion, a PE ratio of 27.81, a PEG ratio of 1.83 and a beta of 1.54. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.38. The firm’s 50-day moving average price is $12.05 and its 200 day moving average price is $9.67. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PLYA shares. Oppenheimer lowered shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Truist Financial restated a “hold” rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Macquarie cut shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.10.

Institutional Investors Weigh In On Playa Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MQS Management LLC acquired a new stake in Playa Hotels & Resorts in the 3rd quarter valued at $689,000. Jane Street Group LLC increased its stake in Playa Hotels & Resorts by 207.8% in the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock valued at $649,000 after buying an additional 56,506 shares during the last quarter. FMR LLC increased its stake in Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after buying an additional 9,713 shares during the last quarter. Barclays PLC increased its stake in Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after buying an additional 19,298 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Playa Hotels & Resorts by 13.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock valued at $227,000 after buying an additional 3,555 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

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.