GSA Capital Partners LLP Lowers Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

GSA Capital Partners LLP lessened its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 57.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,090 shares of the company’s stock after selling 17,400 shares during the quarter. GSA Capital Partners LLP’s holdings in Playa Hotels & Resorts were worth $101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PLYA. Cubist Systematic Strategies LLC raised 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 buying an additional 219,501 shares during the last quarter. Maverick Capital Ltd. increased its stake in shares of Playa Hotels & Resorts by 335.0% during the second quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock valued at $1,397,000 after purchasing an additional 128,256 shares in the last quarter. Aristides Capital LLC boosted its holdings in Playa Hotels & Resorts by 6.0% in the second quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after acquiring an additional 1,739 shares in the last quarter. Algert Global LLC bought a new stake in Playa Hotels & Resorts during the 2nd quarter valued at about $527,000. Finally, Bailard Inc. bought a new stake in shares of Playa Hotels & Resorts in the 2nd quarter worth $258,000. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA opened at $9.90 on Tuesday. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $10.13. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.68 and a beta of 1.60. The stock’s 50 day simple moving average is $8.58 and its two-hundred day simple moving average is $8.29. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Wall Street Analyst Weigh In

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