Geode Capital Management LLC Has $9.40 Million Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Geode Capital Management LLC lowered its stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 4.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,212,592 shares of the company's stock after selling 50,624 shares during the period. Geode Capital Management LLC owned approximately 1.00% of Playa Hotels & Resorts worth $9,401,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Quarry LP grew its stake in Playa Hotels & Resorts by 141.3% during the second quarter. Quarry LP now owns 8,686 shares of the company's stock worth $73,000 after buying an additional 5,087 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth approximately $88,000. Marshall Wace LLP bought a new position in Playa Hotels & Resorts in the second quarter valued at approximately $102,000. AdvisorShares Investments LLC acquired a new position in Playa Hotels & Resorts during the second quarter valued at approximately $105,000. Finally, Barclays PLC lifted its stake in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after purchasing an additional 19,298 shares during the last quarter. Institutional investors own 74.58% of the company's stock.

Analyst Upgrades and Downgrades

PLYA has been the topic of several recent analyst reports. Oppenheimer lifted their price target on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Truist Financial reiterated a "buy" rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, December 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ PLYA traded down $0.13 during mid-day trading on Thursday, hitting $12.52. 747,080 shares of the stock traded hands, compared to its average volume of 802,062. The company has a market cap of $1.52 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $12.72. 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 $10.01 and a two-hundred day simple moving average of $8.72.

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.