Playa Hotels & Resorts (NASDAQ:PLYA) Sees Large Increase in Short Interest

Playa Hotels & Resorts (NASDAQ:PLYA) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 13,860,000 shares, an increase of 351.5% from the January 31st total of 3,070,000 shares. Based on an average trading volume of 2,640,000 shares, the days-to-cover ratio is currently 5.3 days. Currently, 15.2% of the shares of the company are short sold.

Playa Hotels & Resorts Trading Down 0.1 %

Playa Hotels & Resorts stock opened at $13.32 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $13.38. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.44 and a beta of 1.54. The firm has a 50 day moving average of $12.65 and a 200 day moving average of $10.00.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The firm had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. As a group, research analysts predict that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PLYA shares. Truist Financial restated a “hold” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Macquarie downgraded shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Oppenheimer cut shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Playa Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $12.10.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several large investors have recently made changes to their positions in the business. Mackenzie Financial Corp raised its stake in Playa Hotels & Resorts by 294.3% during the 4th quarter. Mackenzie Financial Corp now owns 42,522 shares of the company’s stock valued at $538,000 after purchasing an additional 31,737 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Playa Hotels & Resorts during the 4th quarter valued at approximately $3,364,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Playa Hotels & Resorts by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 289,709 shares of the company’s stock valued at $3,665,000 after buying an additional 49,262 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $5,507,000. Finally, Seven Six Capital Management LLC purchased a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $4,825,000. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

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.