Barclays PLC Purchases 19,298 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Barclays PLC boosted its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 993.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,240 shares of the company’s stock after purchasing an additional 19,298 shares during the quarter. Barclays PLC’s holdings in Playa Hotels & Resorts were worth $165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLYA. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Playa Hotels & Resorts in the 3rd quarter worth about $6,032,000. Long Pond Capital LP boosted its stake in Playa Hotels & Resorts by 14.9% in the 2nd 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 in the last quarter. American Century Companies Inc. grew its position 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 valued at $20,348,000 after purchasing an additional 264,275 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Playa Hotels & Resorts by 486.4% during 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Playa Hotels & Resorts in the second quarter worth about $1,168,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ:PLYA opened at $12.14 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $1.48 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.56. The firm’s 50 day moving average price is $10.31 and its 200-day moving average price is $8.83. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $12.81.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PLYA shares. Oppenheimer boosted their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Truist Financial reissued a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Playa Hotels & Resorts Company 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.