EMC Capital Management Has $312,000 Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

EMC Capital Management raised its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 193.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,632 shares of the company’s stock after buying an additional 16,240 shares during the period. EMC Capital Management’s holdings in Playa Hotels & Resorts were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PLYA. SkyView Investment Advisors LLC grew its stake in Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock valued at $447,000 after buying an additional 1,664 shares during the last quarter. Barclays PLC boosted its holdings in shares of Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after acquiring an additional 19,298 shares during the period. Y Intercept Hong Kong Ltd grew its position in shares of Playa Hotels & Resorts by 85.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the company’s stock valued at $423,000 after purchasing an additional 25,192 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Playa Hotels & Resorts by 207.8% during the third quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after purchasing an additional 56,506 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Playa Hotels & Resorts during the 3rd quarter worth approximately $6,032,000. 74.58% of the stock is owned by institutional investors.

Playa Hotels & Resorts Stock Up 1.2 %

PLYA stock opened at $12.53 on Thursday. The company has a market cap of $1.52 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56. 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 has a 52 week low of $6.95 and a 52 week high of $12.81. The business has a 50-day simple moving average of $11.31 and a 200 day simple moving average of $9.30.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PLYA. Oppenheimer increased their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Truist Financial reissued a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.00.

About Playa Hotels & Resorts

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.