Y Intercept Hong Kong Ltd Purchases 25,192 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Y Intercept Hong Kong Ltd boosted its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) by 85.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,594 shares of the company’s stock after buying an additional 25,192 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Playa Hotels & Resorts were worth $423,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PLYA. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at $6,032,000. Long Pond Capital LP boosted 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 buying an additional 518,316 shares during the period. American Century Companies Inc. grew its holdings in Playa Hotels & Resorts by 12.2% during the 2nd 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 last quarter. Cubist Systematic Strategies LLC increased its position in 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 acquiring an additional 219,501 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Playa Hotels & Resorts during the second quarter valued at $1,168,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PLYA shares. Oppenheimer increased 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 raised their price objective on Playa Hotels & Resorts from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Playa Hotels & Resorts Stock Up 0.2 %

Shares of NASDAQ:PLYA opened at $10.14 on Tuesday. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $10.50. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The business’s 50-day moving average is $9.27 and its 200-day moving average is $8.46. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 21.13, a P/E/G 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.