Playa Hotels & Resorts NV (NASDAQ:PLYA) Short Interest Up 9.3% in January

Playa Hotels & Resorts NV (NASDAQ:PLYA) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,590,000 shares, a growth of 9.3% from the January 15th total of 2,370,000 shares. Based on an average daily volume of 221,300 shares, the short-interest ratio is currently 11.7 days. Approximately 3.2% of the shares of the stock are short sold.

A number of equities analysts have recently issued reports on the stock. SunTrust Banks reduced their target price on shares of Playa Hotels & Resorts from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. BidaskClub downgraded shares of Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, February 7th. TheStreet downgraded shares of Playa Hotels & Resorts from a “c-” rating to a “d+” rating in a research note on Wednesday, November 20th. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 30th. Finally, Macquarie began coverage on shares of Playa Hotels & Resorts in a research note on Thursday, January 9th. They set an “outperform” rating and a $10.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $10.44.

Shares of PLYA traded down $0.02 on Friday, reaching $7.09. 4,107 shares of the company’s stock were exchanged, compared to its average volume of 266,607. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $922.27 million, a P/E ratio of 22.13 and a beta of 0.37. The business has a 50 day moving average price of $7.48 and a two-hundred day moving average price of $7.66. Playa Hotels & Resorts has a 12 month low of $6.35 and a 12 month high of $8.95.

In other news, CFO Ryan Paul Hymel sold 11,125 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.59, for a total transaction of $84,438.75. Following the transaction, the chief financial officer now directly owns 496,099 shares in the company, valued at $3,765,391.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Alexander Stadlin sold 11,816 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.55, for a total transaction of $89,210.80. Following the transaction, the chief operating officer now owns 643,795 shares in the company, valued at $4,860,652.25. The disclosure for this sale can be found here. Insiders have sold 47,847 shares of company stock worth $362,697 over the last quarter. 3.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners bought a new stake in shares of Playa Hotels & Resorts during the third quarter worth approximately $3,113,000. California Public Employees Retirement System increased its stake in Playa Hotels & Resorts by 33.6% in the third quarter. California Public Employees Retirement System now owns 28,298 shares of the company’s stock valued at $222,000 after purchasing an additional 7,124 shares in the last quarter. State Street Corp increased its stake in Playa Hotels & Resorts by 6.7% in the third quarter. State Street Corp now owns 333,939 shares of the company’s stock valued at $2,615,000 after purchasing an additional 20,980 shares in the last quarter. Keeley Teton Advisors LLC increased its stake in Playa Hotels & Resorts by 11.3% in the third quarter. Keeley Teton Advisors LLC now owns 530,963 shares of the company’s stock valued at $4,157,000 after purchasing an additional 53,922 shares in the last quarter. Finally, Renaissance Group LLC increased its stake in Playa Hotels & Resorts by 1.6% in the third quarter. Renaissance Group LLC now owns 89,752 shares of the company’s stock valued at $703,000 after purchasing an additional 1,381 shares in the last quarter. 68.12% of the stock is owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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