Charles Schwab Investment Management Inc. Trims Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Charles Schwab Investment Management Inc. lowered its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 572,537 shares of the company’s stock after selling 18,357 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.47% of Playa Hotels & Resorts worth $4,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Aristides Capital LLC boosted its stake in Playa Hotels & Resorts by 6.0% in the 2nd quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after purchasing an additional 1,739 shares during the period. AQR Capital Management LLC increased its stake in Playa Hotels & Resorts by 1.4% in the second quarter. AQR Capital Management LLC now owns 144,146 shares of the company’s stock worth $1,209,000 after purchasing an additional 2,006 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Playa Hotels & Resorts by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company’s stock worth $216,000 after purchasing an additional 3,371 shares during the period. SkyView Investment Advisors LLC increased its stake in Playa Hotels & Resorts by 8.5% in the second quarter. SkyView Investment Advisors LLC now owns 56,023 shares of the company’s stock worth $470,000 after purchasing an additional 4,389 shares during the period. Finally, Quarry LP grew 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 worth $73,000 after buying an additional 5,087 shares in the last quarter. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Trading Down 0.3 %

Shares of NASDAQ:PLYA opened at $10.12 on Friday. The business has a 50-day moving average price of $9.22 and a 200-day moving average price of $8.45. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.53 and a beta of 1.64. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $10.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial increased their price target on Playa Hotels & Resorts from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Oppenheimer raised 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Playa Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Playa Hotels & Resorts 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.