Gladius Capital Management LP Has $29,000 Stock Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Gladius Capital Management LP reduced its position in Playa Hotels & Resorts (NASDAQ:PLYA) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,752 shares of the company’s stock after selling 3,489 shares during the period. Gladius Capital Management LP’s holdings in Playa Hotels & Resorts were worth $29,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Aristides Capital LLC grew its position in Playa Hotels & Resorts by 6.0% during the 2nd quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after purchasing an additional 1,739 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Playa Hotels & Resorts by 1.4% in the second 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Playa Hotels & Resorts by 15.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company’s stock valued at $216,000 after buying an additional 3,371 shares in the last quarter. SkyView Investment Advisors LLC raised its position in Playa Hotels & Resorts by 8.5% during the second quarter. SkyView Investment Advisors LLC now owns 56,023 shares of the company’s stock valued at $470,000 after buying an additional 4,389 shares during the period. Finally, Quarry LP lifted its stake in Playa Hotels & Resorts by 141.3% in the 2nd quarter. Quarry LP now owns 8,686 shares of the company’s stock worth $73,000 after acquiring an additional 5,087 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PLYA. Oppenheimer lifted 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, November 11th. Truist Financial lowered their price objective on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft cut 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. Citigroup restated a “neutral” rating and set a $8.00 price target (down from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. Finally, Macquarie reiterated an “outperform” rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. One equities research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Playa Hotels & Resorts Stock Performance

PLYA stock opened at $9.49 on Friday. The firm has a 50 day moving average of $8.38 and a two-hundred day moving average of $8.29. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $10.13. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.64 and a beta of 1.60. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Playa Hotels & Resorts Profile

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.