Geode Capital Management LLC Has $9.40 Million Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Geode Capital Management LLC lowered its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,212,592 shares of the company’s stock after selling 50,624 shares during the period. Geode Capital Management LLC owned 1.00% of Playa Hotels & Resorts worth $9,401,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PLYA. MQS Management LLC bought a new stake in Playa Hotels & Resorts during the third quarter worth $689,000. Cubist Systematic Strategies LLC increased its stake in shares of Playa Hotels & Resorts by 486.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock worth $2,220,000 after purchasing an additional 219,501 shares during the last quarter. Maverick Capital Ltd. raised its holdings in shares of Playa Hotels & Resorts by 335.0% in the 2nd 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 during the period. Aristides Capital LLC lifted 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 valued at $260,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Playa Hotels & Resorts in the 2nd quarter valued at about $527,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Trading Up 2.3 %

Shares of NASDAQ:PLYA opened at $12.65 on Thursday. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $12.72. The business has a 50 day moving average of $10.01 and a 200-day moving average of $8.72. 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 $1.54 billion, a PE ratio of 26.35, a P/E/G ratio of 1.52 and a beta of 1.64.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLYA shares. Truist Financial restated a “buy” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, December 24th. 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 note 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.