State Street Corp Sells 10,635 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

State Street Corp decreased its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627,280 shares of the company’s stock after selling 10,635 shares during the quarter. State Street Corp owned about 0.52% of Playa Hotels & Resorts worth $4,861,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP grew its holdings in shares of Playa Hotels & Resorts by 141.3% in the 2nd quarter. Quarry LP now owns 8,686 shares of the company’s stock valued at $73,000 after buying an additional 5,087 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Playa Hotels & Resorts during the second quarter worth about $88,000. Marshall Wace LLP bought a new position in shares of Playa Hotels & Resorts during the 2nd quarter valued at about $102,000. AdvisorShares Investments LLC acquired a new position in shares of Playa Hotels & Resorts in the 2nd quarter valued at approximately $105,000. Finally, FMR LLC increased its stake in Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after purchasing an additional 9,713 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Price Performance

Shares of PLYA opened at $12.33 on Monday. The company has a 50 day moving average of $9.77 and a 200-day moving average of $8.63. 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 capitalization of $1.50 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.52 and a beta of 1.64. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $12.70.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, December 24th. Oppenheimer raised 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.