Barclays PLC Grows Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Barclays PLC lifted its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 993.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,240 shares of the company’s stock after purchasing an additional 19,298 shares during the quarter. Barclays PLC’s holdings in Playa Hotels & Resorts were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PLYA. Hotchkis & Wiley Capital Management LLC purchased a new position in Playa Hotels & Resorts during the 3rd quarter valued at about $6,032,000. Long Pond Capital LP boosted its holdings in 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 valued at $33,487,000 after acquiring an additional 518,316 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Playa Hotels & Resorts by 486.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock valued at $2,220,000 after acquiring an additional 219,501 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Playa Hotels & Resorts during the 2nd quarter valued at about $1,168,000. Finally, Maverick Capital Ltd. boosted its holdings in Playa Hotels & Resorts by 335.0% during the 2nd quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock valued at $1,397,000 after acquiring an additional 128,256 shares during the period. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Trading Down 0.4 %

Shares of PLYA stock opened at $12.40 on Thursday. The business’s 50 day moving average is $11.02 and its two-hundred day moving average is $9.15. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $12.81. The company has a market capitalization of $1.51 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.76 and a beta of 1.56. 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 Ratings Changes

PLYA has been the topic of a number of analyst reports. Oppenheimer increased their price target 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. Truist Financial reaffirmed a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Playa Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

About Playa Hotels & Resorts

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.