88,903 Shares in Playa Hotels & Resorts (NASDAQ:PLYA) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) in the third quarter, HoldingsChannel.com reports. The firm acquired 88,903 shares of the company’s stock, valued at approximately $689,000.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in Playa Hotels & Resorts by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 71,235 shares of the company’s stock worth $691,000 after buying an additional 10,820 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Playa Hotels & Resorts in the first quarter worth approximately $98,000. Lazard Asset Management LLC purchased a new position in shares of Playa Hotels & Resorts during the first quarter valued at approximately $95,000. Aristides Capital LLC purchased a new position in shares of Playa Hotels & Resorts during the first quarter valued at approximately $283,000. Finally, Paloma Partners Management Co bought a new position in Playa Hotels & Resorts during the first quarter valued at approximately $283,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial cut their target price on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Oppenheimer upped their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft dropped their target price on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Citigroup reaffirmed a “neutral” rating and set a $8.00 price target (down previously from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Finally, Macquarie reissued an “outperform” rating and issued a $14.00 price objective on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Playa Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Playa Hotels & Resorts Stock Performance

Shares of PLYA opened at $9.75 on Wednesday. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $10.13. 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 $1.19 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.03 and a beta of 1.60. The business has a 50-day simple moving average of $8.26 and a two-hundred day simple moving average of $8.27.

Playa Hotels & Resorts Company 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.