88,903 Shares in Playa Hotels & Resorts (NASDAQ:PLYA) Bought by MQS Management LLC

MQS Management LLC purchased a new stake in shares of Playa Hotels & Resorts (NASDAQ:PLYA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,903 shares of the company’s stock, valued at approximately $689,000. MQS Management LLC owned 0.07% of Playa Hotels & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Gladius Capital Management LP purchased a new stake in shares of Playa Hotels & Resorts during the second quarter valued at approximately $61,000. Quarry LP boosted its position in Playa Hotels & Resorts by 141.3% during the 2nd 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 stake in Playa Hotels & Resorts in the 2nd quarter worth $88,000. Lazard Asset Management LLC purchased a new position in shares of Playa Hotels & Resorts in the first quarter valued at about $95,000. Finally, Quadrature Capital Ltd bought a new position in shares of Playa Hotels & Resorts during the first quarter valued at about $98,000. 74.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLYA shares. Macquarie restated an “outperform” rating and set a $14.00 price target on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Oppenheimer boosted their target price on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday. Truist Financial dropped their price target on Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup reissued a “neutral” rating and set a $8.00 price objective (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of 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. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Playa Hotels & Resorts Trading Down 1.6 %

NASDAQ:PLYA opened at $9.75 on Wednesday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 20.31, a PEG ratio of 2.03 and a beta of 1.60. 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 one year low of $6.95 and a one year high of $10.13. The company’s 50-day simple moving average is $8.26 and its 200 day simple moving average is $8.27.

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.