Short Interest in Playa Hotels & Resorts (NASDAQ:PLYA) Declines By 50.0%

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 7,920,000 shares, a decline of 50.0% from the March 15th total of 15,850,000 shares. Approximately 8.7% of the shares of the company are short sold. Based on an average daily trading volume, of 4,630,000 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLYA. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Macquarie cut shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Finally, Truist Financial reiterated a "hold" rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.10.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of PLYA. FNY Investment Advisers LLC acquired a new position in shares of Playa Hotels & Resorts in the first quarter valued at approximately $333,000. Compagnie Lombard Odier SCmA raised its position in Playa Hotels & Resorts by 50.0% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 41,367 shares of the company's stock valued at $551,000 after buying an additional 13,788 shares during the last quarter. SG Americas Securities LLC bought a new stake in Playa Hotels & Resorts in the 1st quarter valued at approximately $742,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $3,566,000. Finally, Mackenzie Financial Corp lifted its position in shares of Playa Hotels & Resorts by 294.3% in the fourth quarter. Mackenzie Financial Corp now owns 42,522 shares of the company's stock worth $538,000 after purchasing an additional 31,737 shares in the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Price Performance

Shares of NASDAQ PLYA traded down $0.02 during trading on Monday, reaching $13.39. The company had a trading volume of 1,588,173 shares, compared to its average volume of 1,884,023. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The stock has a market cap of $1.65 billion, a PE ratio of 27.90, a PEG ratio of 2.44 and a beta of 0.91. The business's 50 day moving average price is $13.33 and its 200-day moving average price is $11.52. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.43.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. Analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Playa Hotels & Resorts Company Profile

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.