Hotchkis & Wiley Capital Management LLC Takes Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 778,380 shares of the company's stock, valued at approximately $6,032,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.64% of Playa Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLYA. Gladius Capital Management LP bought a new stake in shares of Playa Hotels & Resorts in the second quarter worth $61,000. Quarry LP raised its stake in shares of Playa Hotels & Resorts by 141.3% during the second quarter. Quarry LP now owns 8,686 shares of the company's stock valued at $73,000 after purchasing an additional 5,087 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Playa Hotels & Resorts during the second quarter worth approximately $88,000. Marshall Wace LLP bought a new position in Playa Hotels & Resorts during the second quarter valued at about $102,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Playa Hotels & Resorts in the 2nd quarter worth approximately $105,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Down 1.5 %

PLYA traded down $0.15 during trading on Friday, reaching $10.09. The company had a trading volume of 1,352,633 shares, compared to its average volume of 776,436. The company has a market cap of $1.23 billion, a P/E ratio of 21.33, a PEG ratio of 1.61 and a beta of 1.64. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $10.50. The business's fifty day moving average price is $8.95 and its 200 day moving average price is $8.38.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Playa Hotels & Resorts from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Oppenheimer increased their price target on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Citigroup reaffirmed a "neutral" rating and issued a $8.00 target price (down previously from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. Finally, Truist Financial increased their target price on shares of Playa Hotels & Resorts from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

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.