Jane Street Group LLC Has $649,000 Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Jane Street Group LLC grew its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 207.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,703 shares of the company’s stock after purchasing an additional 56,506 shares during the period. Jane Street Group LLC’s holdings in Playa Hotels & Resorts were worth $649,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PLYA. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Playa Hotels & Resorts in the 3rd quarter worth approximately $6,032,000. Centiva Capital LP raised its position in Playa Hotels & Resorts by 116.7% in the 3rd quarter. Centiva Capital LP now owns 30,602 shares of the company’s stock valued at $237,000 after purchasing an additional 16,479 shares during the last quarter. Paloma Partners Management Co boosted its stake in Playa Hotels & Resorts by 296.4% in the third quarter. Paloma Partners Management Co now owns 46,253 shares of the company’s stock worth $358,000 after purchasing an additional 34,586 shares in the last quarter. Maverick Capital Ltd. grew its holdings in shares of Playa Hotels & Resorts by 24.5% during the third quarter. Maverick Capital Ltd. now owns 207,357 shares of the company’s stock worth $1,607,000 after purchasing an additional 40,821 shares during the last quarter. Finally, PDT Partners LLC increased its stake in shares of Playa Hotels & Resorts by 3.1% in the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after buying an additional 3,502 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Trading Up 1.1 %

PLYA opened at $12.66 on Friday. The firm has a 50 day simple moving average of $10.16 and a 200 day simple moving average of $8.77. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $12.72. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Analyst Upgrades and Downgrades

PLYA has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, December 24th. Oppenheimer raised their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Playa Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $12.00.

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.