Barclays PLC Purchases 19,298 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Barclays PLC increased its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 993.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,240 shares of the company’s stock after purchasing an additional 19,298 shares during the period. Barclays PLC’s holdings in Playa Hotels & Resorts were worth $165,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLYA. Aristides Capital LLC increased its stake in Playa Hotels & Resorts by 6.0% in the 2nd quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after buying an additional 1,739 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Playa Hotels & Resorts by 1.4% during the second quarter. AQR Capital Management LLC now owns 144,146 shares of the company’s stock worth $1,209,000 after acquiring an additional 2,006 shares during the last quarter. PDT Partners LLC grew its stake in 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 acquiring an additional 3,502 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 acquiring an additional 3,555 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in Playa Hotels & Resorts by 8.5% in the 2nd quarter. SkyView Investment Advisors LLC now owns 56,023 shares of the company’s stock worth $470,000 after purchasing an additional 4,389 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PLYA shares. Truist Financial reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday. Oppenheimer lifted their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA opened at $12.14 on Wednesday. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $12.81. The firm has a market capitalization of $1.48 billion, a PE ratio of 25.29, a PEG ratio of 1.52 and a beta of 1.56. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The stock’s fifty day moving average is $10.31 and its 200 day moving average is $8.83.

Playa Hotels & Resorts 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.