MQS Management LLC Takes Position in Playa Hotels & Resorts (NASDAQ:PLYA)

MQS Management LLC purchased a new stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 88,903 shares of the company's stock, valued at approximately $689,000. MQS Management LLC owned about 0.07% of Playa Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Playa Hotels & Resorts by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,673,429 shares of the company's stock valued at $64,379,000 after purchasing an additional 63,595 shares during the last quarter. Long Pond Capital LP boosted its position 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 valued at $33,487,000 after buying an additional 518,316 shares during the period. American Century Companies Inc. boosted its position 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 valued at $20,348,000 after buying an additional 264,275 shares during the period. King Luther Capital Management Corp boosted its position in Playa Hotels & Resorts by 5.9% in the 2nd quarter. King Luther Capital Management Corp now owns 424,046 shares of the company's stock valued at $3,558,000 after buying an additional 23,719 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position 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. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Down 0.6 %

NASDAQ:PLYA traded down $0.06 during midday trading on Wednesday, hitting $9.69. 1,729,451 shares of the company were exchanged, compared to its average volume of 749,750. The company has a fifty day simple moving average of $8.26 and a 200 day simple moving average of $8.27. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $10.13. 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 market capitalization of $1.18 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.68 and a beta of 1.60.

Wall Street Analysts Forecast Growth

PLYA has been the subject of several recent research reports. Oppenheimer raised their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an "outperform" rating in a research report on Monday. Truist Financial decreased their price target on shares of 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. Macquarie reaffirmed an "outperform" rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, Citigroup reaffirmed a "neutral" rating and set a $8.00 price objective (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.40.

About Playa Hotels & Resorts

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.