JPMorgan Chase & Co. Sells 97,587 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

JPMorgan Chase & Co. decreased its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 71.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,061 shares of the company’s stock after selling 97,587 shares during the period. JPMorgan Chase & Co.’s holdings in Playa Hotels & Resorts were worth $295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MQS Management LLC bought a new stake in shares of Playa Hotels & Resorts during the 3rd quarter worth $689,000. Jane Street Group LLC raised its position in Playa Hotels & Resorts by 207.8% during the third quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock valued at $649,000 after purchasing an additional 56,506 shares in the last quarter. Algert Global LLC bought a new stake in Playa Hotels & Resorts during the second quarter worth about $527,000. FMR LLC boosted its holdings in shares of Playa Hotels & Resorts by 59.5% in 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. Finally, Barclays PLC increased its position in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after purchasing an additional 19,298 shares during the last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLYA has been the subject of a number of recent research reports. Truist Financial restated a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Oppenheimer boosted 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Playa Hotels & Resorts Trading Up 0.1 %

Shares of PLYA stock opened at $12.49 on Friday. The business has a 50-day moving average of $11.36 and a 200 day moving average of $9.32. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $12.81. The stock has a market capitalization of $1.52 billion, a PE ratio of 26.02, a P/E/G ratio of 1.74 and a beta of 1.56.

About Playa Hotels & Resorts

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.