Playa Hotels & Resorts N.V. (NASDAQ:PLYA) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 933,924 shares, a growth of 29.8% from the November 15th total of 719,277 shares. Based on an average trading volume of 194,706 shares, the days-to-cover ratio is currently 4.8 days. Currently, 1.2% of the shares of the stock are short sold.

A number of brokerages recently issued reports on PLYA. Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Janney Montgomery Scott began coverage on Playa Hotels & Resorts in a report on Thursday, September 7th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Northland Securities restated a “buy” rating and issued a $14.75 target price on shares of Playa Hotels & Resorts in a report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.54.

Playa Hotels & Resorts (NASDAQ:PLYA) opened at $10.79 on Tuesday. Playa Hotels & Resorts has a twelve month low of $9.81 and a twelve month high of $12.27. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.51 and a current ratio of 1.59.

In related news, Director Daniel J. Hirsch bought 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $10.52 per share, for a total transaction of $315,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.74% of the company’s stock.

Several hedge funds have recently modified their holdings of PLYA. BlackRock Inc. purchased a new position in shares of Playa Hotels & Resorts during the second quarter valued at $96,964,000. Janus Henderson Group PLC purchased a new position in shares of Playa Hotels & Resorts during the second quarter valued at $49,085,000. TPG Group Holdings SBS Advisors Inc. grew its holdings in shares of Playa Hotels & Resorts by 20.0% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 8,806,666 shares of the company’s stock valued at $105,240,000 after buying an additional 1,466,666 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Playa Hotels & Resorts by 123.8% during the third quarter. Commonwealth Bank of Australia now owns 2,029,477 shares of the company’s stock valued at $20,126,000 after buying an additional 1,122,770 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Playa Hotels & Resorts by 128.1% during the third quarter. Wells Fargo & Company MN now owns 1,892,941 shares of the company’s stock valued at $19,743,000 after buying an additional 1,063,085 shares in the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.

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Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

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