Playa Hotels & Resorts (NASDAQ:PLYA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 71.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,061 shares of the company's stock after selling 97,587 shares during the quarter. JPMorgan Chase & Co.'s holdings in Playa Hotels & Resorts were worth $295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in Playa Hotels & Resorts by 141.3% in the second quarter. Quarry LP now owns 8,686 shares of the company's stock valued at $73,000 after acquiring an additional 5,087 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at $102,000. Barclays PLC boosted its holdings in Playa Hotels & Resorts by 993.7% in 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 in the last quarter. FMR LLC increased its position in Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company's stock worth $202,000 after buying an additional 9,713 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in Playa Hotels & Resorts during the second quarter valued at about $222,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Stock Performance

PLYA stock traded up $0.38 during trading hours on Monday, reaching $12.64. The stock had a trading volume of 1,250,185 shares, compared to its average volume of 1,184,475. The stock has a 50-day simple moving average of $11.47 and a 200 day simple moving average of $9.38. The stock has a market capitalization of $1.54 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.72 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. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $12.81.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLYA shares. Truist Financial reissued a "hold" rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Oppenheimer boosted their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Playa Hotels & Resorts Profile

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.