De Lisle Partners LLP Acquires 29,700 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

De Lisle Partners LLP grew its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 229,150 shares of the company’s stock after purchasing an additional 29,700 shares during the period. De Lisle Partners LLP owned approximately 0.19% of Playa Hotels & Resorts worth $1,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gladius Capital Management LP acquired a new position in Playa Hotels & Resorts in the 2nd quarter worth about $61,000. Quarry LP increased its stake in shares of 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 buying an additional 5,087 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Playa Hotels & Resorts during the second quarter valued at $88,000. Lazard Asset Management LLC acquired a new position in shares of Playa Hotels & Resorts during the first quarter worth $95,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Playa Hotels & Resorts in the first quarter worth $98,000. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Trading Down 0.8 %

NASDAQ:PLYA opened at $9.69 on Thursday. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $10.13. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.71 and a beta of 1.60. The firm has a fifty day simple moving average of $8.66 and a two-hundred day simple moving average of $8.31.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their price objective on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Macquarie restated an “outperform” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Oppenheimer increased their price target on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Citigroup reissued a “neutral” rating and issued a $8.00 price objective (down from $12.00) on shares of Playa Hotels & Resorts in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.40.

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.