Atria Investments Inc Has $99,000 Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Atria Investments Inc lowered its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 22.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,717 shares of the company’s stock after selling 3,603 shares during the quarter. Atria Investments Inc’s holdings in Playa Hotels & Resorts were worth $99,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Inspire Investing LLC bought a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth about $414,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Playa Hotels & Resorts during the second quarter valued at about $1,168,000. Aristides Capital LLC raised its holdings 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 acquiring an additional 1,739 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Playa Hotels & Resorts in the 2nd quarter worth approximately $222,000. Finally, Quarry LP grew its holdings 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 purchasing an additional 5,087 shares in the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Up 1.5 %

Shares of PLYA opened at $9.72 on Monday. The company has a market capitalization of $1.18 billion, a P/E ratio of 20.25, a PEG ratio of 1.65 and a beta of 1.60. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $10.13. The business’s 50 day simple moving average is $8.58 and its 200-day simple moving average is $8.29. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Citigroup restated a “neutral” rating and set a $8.00 price target (down previously from $12.00) on shares of Playa Hotels & Resorts in a research note on Tuesday, August 13th. Macquarie reissued an “outperform” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Oppenheimer boosted 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. Finally, Truist Financial dropped their price objective on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Playa Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

About Playa Hotels & Resorts

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.