Fmr LLC Increases Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Fmr LLC grew its stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 59.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,041 shares of the company’s stock after purchasing an additional 9,713 shares during the quarter. Fmr LLC’s holdings in Playa Hotels & Resorts were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Playa Hotels & Resorts by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,673,429 shares of the company’s stock worth $64,379,000 after acquiring an additional 63,595 shares in the last quarter. Long Pond Capital LP grew its holdings in shares of 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 worth $33,487,000 after purchasing an additional 518,316 shares during the last quarter. American Century Companies Inc. increased its position in shares of Playa Hotels & Resorts by 12.2% during the second 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. King Luther Capital Management Corp lifted its holdings in shares of Playa Hotels & Resorts by 1.2% in 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 during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Playa Hotels & Resorts by 486.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock valued at $2,220,000 after purchasing an additional 219,501 shares during the period. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial lifted their target price on shares of Playa Hotels & Resorts from $10.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Oppenheimer lifted their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock opened at $9.61 on Friday. The stock has a fifty day moving average price of $9.40 and a 200 day moving average price of $8.50. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $10.50. The firm has a market capitalization of $1.17 billion, a P/E ratio of 20.02, a PEG ratio of 1.52 and a beta of 1.64.

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.