Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by XTX Topco Ltd

XTX Topco Ltd trimmed its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 47.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,412 shares of the company’s stock after selling 21,490 shares during the quarter. XTX Topco Ltd’s holdings in Playa Hotels & Resorts were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Playa Hotels & Resorts by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,673,429 shares of the company’s stock valued at $64,379,000 after purchasing an additional 63,595 shares during the last quarter. Long Pond Capital LP raised its position in Playa Hotels & Resorts by 14.9% during the second quarter. Long Pond Capital LP now owns 3,991,276 shares of the company’s stock valued at $33,487,000 after acquiring an additional 518,316 shares in the last quarter. American Century Companies Inc. boosted its position in Playa Hotels & Resorts by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 2,425,296 shares of the company’s stock worth $20,348,000 after purchasing an additional 264,275 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Playa Hotels & Resorts during the 3rd quarter worth approximately $6,032,000. Finally, King Luther Capital Management Corp increased its holdings in shares of Playa Hotels & Resorts by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock valued at $3,326,000 after purchasing an additional 5,154 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PLYA shares. Truist Financial raised their price target on shares of Playa Hotels & Resorts from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Oppenheimer upped their price target on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Playa Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $12.00.

Playa Hotels & Resorts Stock Performance

PLYA opened at $9.61 on Friday. The firm’s fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $8.49. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $10.50. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.52 and a beta of 1.64. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

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.