Short Interest in Playa Hotels & Resorts (NASDAQ:PLYA) Declines By 27.8%

Playa Hotels & Resorts (NASDAQ:PLYA) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 3,070,000 shares, a decrease of 27.8% from the January 15th total of 4,250,000 shares. Based on an average trading volume of 2,380,000 shares, the short-interest ratio is presently 1.3 days. Approximately 3.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several large investors have recently bought and sold shares of PLYA. Voss Capital LP increased its stake in Playa Hotels & Resorts by 54.5% during the 4th quarter. Voss Capital LP now owns 6,576,824 shares of the company’s stock valued at $83,197,000 after buying an additional 2,320,641 shares during the period. Long Pond Capital LP increased its stake in Playa Hotels & Resorts by 16.2% during the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company’s stock valued at $100,459,000 after buying an additional 1,107,983 shares during the period. New South Capital Management Inc. acquired a new position in Playa Hotels & Resorts during the 4th quarter valued at about $11,374,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Playa Hotels & Resorts during the 3rd quarter valued at about $6,032,000. Finally, Raymond James Financial Inc. acquired a new position in Playa Hotels & Resorts during the 4th quarter valued at about $5,308,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Stock Performance

Shares of PLYA stock traded up $0.01 during trading hours on Friday, reaching $13.38. The stock had a trading volume of 350,030 shares, compared to its average volume of 3,817,352. The firm has a market capitalization of $1.63 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. 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 firm has a 50-day simple moving average of $11.98 and a 200-day simple moving average of $9.62. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.38.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial reissued a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $15.00 to $13.50 in a research report on Tuesday. Macquarie lowered shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Oppenheimer lowered shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.10.

About Playa Hotels & Resorts

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.