Oppenheimer & Co. Inc. Boosts Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

Oppenheimer & Co. Inc. raised its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 69.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,443 shares of the company’s stock after acquiring an additional 21,562 shares during the period. Oppenheimer & Co. Inc.’s holdings in Playa Hotels & Resorts were worth $406,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Gladius Capital Management LP bought a new position in Playa Hotels & Resorts in the second quarter valued at $61,000. Quarry LP increased its position 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 during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Playa Hotels & Resorts during the 2nd quarter valued at about $88,000. Lazard Asset Management LLC bought a new stake in Playa Hotels & Resorts in the 1st quarter worth approximately $95,000. Finally, Quadrature Capital Ltd bought a new stake in Playa Hotels & Resorts in the 1st quarter worth approximately $98,000. Institutional investors own 74.58% of the company’s stock.

Analyst Upgrades and Downgrades

PLYA has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Truist Financial decreased their price objective on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Macquarie reiterated an “outperform” rating and issued a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. Finally, Citigroup restated a “neutral” rating and issued a $8.00 target price (down previously from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Playa Hotels & Resorts Trading Up 1.2 %

NASDAQ PLYA opened at $9.60 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.60. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $10.13. The stock has a 50 day simple moving average of $8.54 and a two-hundred day simple moving average of $8.30. 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 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.