Atria Investments Inc Sells 3,603 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Atria Investments Inc trimmed its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 22.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,717 shares of the company’s stock after selling 3,603 shares during the quarter. Atria Investments Inc’s holdings in Playa Hotels & Resorts were worth $99,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladius Capital Management LP bought a new position in Playa Hotels & Resorts during the second quarter worth about $61,000. Quarry LP lifted its holdings in shares of 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 purchasing an additional 5,087 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Playa Hotels & Resorts in the 2nd quarter valued at approximately $88,000. Lazard Asset Management LLC bought a new stake in Playa Hotels & Resorts during the 1st quarter worth approximately $95,000. Finally, Quadrature Capital Ltd acquired a new stake in Playa Hotels & Resorts during the 1st quarter worth approximately $98,000. 74.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLYA has been the subject of several research analyst reports. Macquarie reiterated an “outperform” rating and issued a $14.00 price target on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Truist Financial reduced their target price on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup reissued a “neutral” rating and issued a $8.00 price target (down previously from $12.00) on shares of Playa Hotels & Resorts in a research note 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 report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.40.

Playa Hotels & Resorts Stock Performance

PLYA opened at $9.72 on Monday. 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 business’s 50-day simple moving average is $8.58 and its 200 day simple moving average is $8.29. The firm has a market capitalization of $1.18 billion, a PE ratio of 20.25, a PEG ratio of 1.65 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.

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.