Playa Hotels & Resorts (NASDAQ:PLYA) Short Interest Down 27.0% in December

Playa Hotels & Resorts (NASDAQ:PLYA) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 4,080,000 shares, a decline of 27.0% from the December 15th total of 5,590,000 shares. Approximately 4.8% of the shares of the stock are sold short. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is presently 3.5 days.

Playa Hotels & Resorts Trading Up 0.4 %

PLYA traded up $0.05 on Wednesday, hitting $12.41. The company had a trading volume of 1,821,450 shares, compared to its average volume of 1,153,672. The business’s fifty day simple moving average is $10.68 and its 200 day simple moving average is $8.98. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $12.81. The company has a market cap of $1.51 billion, a PE ratio of 25.85, a PEG ratio of 1.52 and a beta of 1.56.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Oppenheimer raised their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Truist Financial restated a “hold” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Playa Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PLYA. Acadian Asset Management LLC bought a new position in Playa Hotels & Resorts during the 2nd quarter valued at about $495,000. American Century Companies Inc. lifted its stake in shares of 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. Dimensional Fund Advisors LP lifted its stake in shares of Playa Hotels & Resorts by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,673,429 shares of the company’s stock worth $64,379,000 after acquiring an additional 63,595 shares during the last quarter. XTX Topco Ltd grew its position in Playa Hotels & Resorts by 44.4% in the 2nd quarter. XTX Topco Ltd now owns 44,902 shares of the company’s stock valued at $377,000 after acquiring an additional 13,802 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Playa Hotels & Resorts in the second quarter worth $88,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.