Maverick Capital Ltd. Increases Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Maverick Capital Ltd. boosted its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 24.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 207,357 shares of the company’s stock after acquiring an additional 40,821 shares during the period. Maverick Capital Ltd. owned about 0.17% of Playa Hotels & Resorts worth $1,607,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Long Pond Capital LP boosted 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. boosted its stake in Playa Hotels & Resorts by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 2,425,296 shares of the company’s stock worth $20,348,000 after buying an additional 264,275 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings 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 buying an additional 219,501 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Playa Hotels & Resorts in the 2nd quarter valued at about $1,168,000. Finally, MQS Management LLC acquired a new position in shares of Playa Hotels & Resorts during the 3rd quarter valued at about $689,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Up 1.0 %

Shares of Playa Hotels & Resorts stock opened at $9.79 on Friday. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $10.13. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.60. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company has a fifty day moving average price of $8.77 and a 200 day moving average price of $8.34.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLYA. Macquarie reissued an “outperform” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. Oppenheimer boosted 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. Citigroup reaffirmed a “neutral” rating and issued a $8.00 target price (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Truist Financial lowered their price target on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.40.

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.