GSA Capital Partners LLP Cuts Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

GSA Capital Partners LLP cut its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 57.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,090 shares of the company’s stock after selling 17,400 shares during the period. GSA Capital Partners LLP’s holdings in Playa Hotels & Resorts were worth $101,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Long Pond Capital LP lifted its position in Playa Hotels & Resorts by 14.9% during the 2nd quarter. Long Pond Capital LP now owns 3,991,276 shares of the company’s stock worth $33,487,000 after acquiring an additional 518,316 shares during the period. American Century Companies Inc. increased its stake in shares of Playa Hotels & Resorts by 12.2% in the second quarter. American Century Companies Inc. now owns 2,425,296 shares of the company’s stock worth $20,348,000 after acquiring an additional 264,275 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Playa Hotels & Resorts by 486.4% during the second quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock worth $2,220,000 after purchasing an additional 219,501 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Playa Hotels & Resorts during the second quarter worth $1,168,000. Finally, Maverick Capital Ltd. grew its holdings in Playa Hotels & Resorts by 335.0% during 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 during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

Wall Street Analysts Forecast Growth

PLYA has been the topic of several research analyst reports. Citigroup reissued a “neutral” rating and issued a $8.00 price objective (down from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. 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 report on Thursday, August 8th. Oppenheimer raised their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Truist Financial dropped 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 report on Thursday, August 8th. Finally, Macquarie reissued an “outperform” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Playa Hotels & Resorts Stock Up 1.9 %

PLYA stock opened at $9.90 on Tuesday. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $10.13. The firm has a market cap of $1.20 billion, a PE ratio of 20.63, a PEG ratio of 1.68 and a beta of 1.60. The firm’s 50 day moving average price is $8.58 and its 200-day moving average price is $8.29. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Playa Hotels & Resorts 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.