Jane Street Group LLC Buys 56,506 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Jane Street Group LLC lifted its position in shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) by 207.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,703 shares of the company's stock after acquiring an additional 56,506 shares during the period. Jane Street Group LLC owned approximately 0.07% of Playa Hotels & Resorts worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PLYA. Aristides Capital LLC lifted its stake in Playa Hotels & Resorts by 6.0% during the second quarter. Aristides Capital LLC now owns 30,943 shares of the company's stock worth $260,000 after purchasing an additional 1,739 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Playa Hotels & Resorts by 1.4% during the 2nd quarter. AQR Capital Management LLC now owns 144,146 shares of the company's stock worth $1,209,000 after buying an additional 2,006 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Playa Hotels & Resorts by 15.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company's stock worth $216,000 after buying an additional 3,371 shares during the last quarter. PDT Partners LLC boosted its stake in Playa Hotels & Resorts by 3.1% in the third quarter. PDT Partners LLC now owns 115,065 shares of the company's stock valued at $892,000 after buying an additional 3,502 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its position in Playa Hotels & Resorts by 8.5% in the second quarter. SkyView Investment Advisors LLC now owns 56,023 shares of the company's stock valued at $470,000 after acquiring an additional 4,389 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PLYA shares. Truist Financial restated a "buy" rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, December 24th. Oppenheimer raised their target price 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, November 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Playa Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $12.00.

Playa Hotels & Resorts Trading Up 1.1 %

NASDAQ PLYA traded up $0.14 during trading hours on Friday, reaching $12.66. The company's stock had a trading volume of 1,316,199 shares, compared to its average volume of 1,031,600. The firm has a fifty day simple moving average of $10.16 and a 200-day simple moving average of $8.77. 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 52 week low of $6.95 and a 52 week high of $12.72. The stock has a market cap of $1.54 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.52 and a beta of 1.64.

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.