Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,124,496 shares of the company’s stock after selling 57,110 shares during the period. BNP Paribas Financial Markets owned about 0.93% of Playa Hotels & Resorts worth $8,715,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PLYA. Gladius Capital Management LP acquired a new stake in Playa Hotels & Resorts during the second quarter worth about $61,000. Quarry LP grew its stake 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 worth $73,000 after purchasing an additional 5,087 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Playa Hotels & Resorts during the 2nd quarter valued at approximately $88,000. Marshall Wace LLP acquired a new position in shares of Playa Hotels & Resorts in the 2nd quarter valued at $102,000. Finally, AdvisorShares Investments LLC purchased a new stake in Playa Hotels & Resorts during the second quarter worth $105,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Performance

Shares of Playa Hotels & Resorts stock opened at $9.80 on Tuesday. The business’s 50 day moving average price is $8.77 and its 200 day moving average price is $8.33. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.57 and a beta of 1.60. 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 one year low of $6.95 and a one year high of $10.13.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their target price on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Macquarie restated an “outperform” rating and issued a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Playa Hotels & Resorts from $14.00 to $13.00 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. Finally, Oppenheimer increased their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.