Playa Hotels & Resorts NV (NASDAQ:PLYA) Short Interest Up 8.3% in November

Playa Hotels & Resorts NV (NASDAQ:PLYA) saw a large growth in short interest in November. As of November 29th, there was short interest totalling 2,620,000 shares, a growth of 8.3% from the November 14th total of 2,420,000 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 200,400 shares, the short-interest ratio is currently 13.1 days.

A number of hedge funds have recently modified their holdings of the stock. Renaissance Group LLC grew its position in Playa Hotels & Resorts by 1.6% during the 3rd quarter. Renaissance Group LLC now owns 89,752 shares of the company’s stock worth $703,000 after acquiring an additional 1,381 shares during the last quarter. Swiss National Bank grew its position in Playa Hotels & Resorts by 2.1% during the 2nd quarter. Swiss National Bank now owns 109,300 shares of the company’s stock worth $843,000 after acquiring an additional 2,200 shares during the last quarter. Toronto Dominion Bank bought a new stake in Playa Hotels & Resorts during the 2nd quarter worth $33,000. UBS Asset Management Americas Inc. grew its position in Playa Hotels & Resorts by 12.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,599 shares of the company’s stock worth $213,000 after acquiring an additional 3,088 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Playa Hotels & Resorts by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 202,932 shares of the company’s stock worth $1,565,000 after acquiring an additional 4,166 shares during the last quarter. Institutional investors and hedge funds own 68.10% of the company’s stock.

A number of equities analysts have recently commented on PLYA shares. ValuEngine raised Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. SunTrust Banks lowered their price target on Playa Hotels & Resorts from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, November 29th. Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. BidaskClub raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Deutsche Bank reissued a “buy” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a report on Sunday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.58.

PLYA stock traded up $0.35 during midday trading on Friday, reaching $8.08. 126,772 shares of the stock were exchanged, compared to its average volume of 204,064. The stock has a market capitalization of $999.89 million, a PE ratio of 25.25 and a beta of 0.30. Playa Hotels & Resorts has a 52 week low of $5.98 and a 52 week high of $8.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.74. The company has a fifty day moving average price of $7.75 and a 200 day moving average price of $7.73.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.07). The firm had revenue of $132.83 million for the quarter, compared to the consensus estimate of $130.47 million. Playa Hotels & Resorts had a positive return on equity of 2.07% and a negative net margin of 0.10%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS.

About Playa Hotels & Resorts

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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