Playa Hotels & Resorts (NASDAQ:PLYA) Sees Large Increase in Short Interest

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 13,860,000 shares, a growth of 351.5% from the January 31st total of 3,070,000 shares. Currently, 15.2% of the company's stock are short sold. Based on an average trading volume of 2,640,000 shares, the short-interest ratio is currently 5.3 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PLYA shares. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Macquarie cut shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Playa Hotels & Resorts currently has an average rating of "Hold" and an average price target of $12.10.

Playa Hotels & Resorts Stock Performance

PLYA traded down $0.01 during trading on Monday, hitting $13.35. The stock had a trading volume of 2,233,271 shares, compared to its average volume of 3,623,382. 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 company has a 50 day moving average price of $12.73 and a 200-day moving average price of $10.08. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.40. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 2.44 and a beta of 1.54.

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Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The company had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. As a group, research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position in Playa Hotels & Resorts by 5,003.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after buying an additional 3,202 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after purchasing an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $126,000. Barclays PLC increased its position in shares of 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 during the period. Finally, FMR LLC raised its stake in Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after purchasing an additional 9,713 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

Playa Hotels & Resorts Company 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.