Barclays PLC Increases Stake in Playa Hotels & Resorts (NASDAQ:PLYA)

Barclays PLC boosted its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 993.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,240 shares of the company’s stock after purchasing an additional 19,298 shares during the quarter. Barclays PLC’s holdings in Playa Hotels & Resorts were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in PLYA. MQS Management LLC acquired a new stake in Playa Hotels & Resorts in the third quarter worth about $689,000. Cubist Systematic Strategies LLC boosted its holdings in Playa Hotels & Resorts by 486.4% in the second quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock worth $2,220,000 after acquiring an additional 219,501 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in Playa Hotels & Resorts by 335.0% in the second quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock worth $1,397,000 after acquiring 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. Finally, Jane Street Group LLC boosted its holdings in Playa Hotels & Resorts by 207.8% in the third quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after acquiring an additional 56,506 shares in the last quarter. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Trading Down 0.4 %

Shares of PLYA stock opened at $12.40 on Thursday. The stock has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $9.15. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $12.81. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.76 and a beta of 1.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PLYA shares. Oppenheimer lifted their target price on 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 reiterated a “hold” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.