Assenagon Asset Management S.A. Sells 105,974 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Assenagon Asset Management S.A. lowered its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,225,806 shares of the company’s stock after selling 105,974 shares during the quarter. Assenagon Asset Management S.A. owned about 1.01% of Playa Hotels & Resorts worth $15,506,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at about $6,032,000. Long Pond Capital LP boosted its holdings in shares of Playa Hotels & Resorts by 14.9% during the 2nd quarter. Long Pond Capital LP now owns 3,991,276 shares of the company’s stock worth $33,487,000 after buying an additional 518,316 shares in the last quarter. American Century Companies Inc. grew its position in shares of Playa Hotels & Resorts by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 2,425,296 shares of the company’s stock worth $20,348,000 after buying an additional 264,275 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Playa Hotels & Resorts by 486.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock worth $2,220,000 after buying an additional 219,501 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at $1,168,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock opened at $12.50 on Friday. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $12.81. The firm has a market capitalization of $1.52 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.56. The firm has a fifty day simple moving average of $10.86 and a two-hundred day simple moving average of $9.06. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PLYA shares. Truist Financial reissued a “hold” rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. 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 note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.00.

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.