Centiva Capital LP Increases Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Centiva Capital LP boosted its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 116.7% during the third quarter, HoldingsChannel.com reports. The firm owned 30,602 shares of the company’s stock after purchasing an additional 16,479 shares during the period. Centiva Capital LP’s holdings in Playa Hotels & Resorts were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLYA. Gladius Capital Management LP purchased a new position in shares of Playa Hotels & Resorts during the 2nd quarter valued at approximately $61,000. Quarry LP raised its position in Playa Hotels & Resorts by 141.3% during the second quarter. Quarry LP now owns 8,686 shares of the company’s stock worth $73,000 after acquiring an additional 5,087 shares during the period. Canada Pension Plan Investment Board purchased a new position in Playa Hotels & Resorts during the second quarter valued at $88,000. Marshall Wace LLP purchased a new position in Playa Hotels & Resorts during the second quarter valued at $102,000. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Playa Hotels & Resorts in the second quarter valued at about $105,000. 74.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of 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 raised their target price on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA opened at $10.21 on Thursday. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $10.50. The company has a market cap of $1.24 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.51 and a beta of 1.64. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company’s 50-day moving average price is $9.13 and its 200-day moving average price is $8.43.

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.