Avidian Wealth Enterprises LLC Invests $126,000 in Playa Hotels & Resorts (NASDAQ:PLYA)

Avidian Wealth Enterprises LLC purchased a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $126,000.

A number of other institutional investors also recently bought and sold shares of the stock. MQS Management LLC bought a new position in shares of Playa Hotels & Resorts in the 3rd quarter worth about $689,000. Jane Street Group LLC increased its stake in shares of 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. FMR LLC lifted its holdings in shares of Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after purchasing an additional 9,713 shares during the last quarter. Barclays PLC boosted its position in shares of Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after purchasing an additional 19,298 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Playa Hotels & Resorts by 13.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after buying an additional 3,555 shares during the last quarter. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Price Performance

NASDAQ PLYA opened at $13.35 on Friday. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.38. The stock has a 50-day moving average of $12.05 and a 200 day moving average of $9.66. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.83 and a beta of 1.54.

Wall Street Analysts Forecast Growth

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

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.