Playa Hotels & Resorts (NASDAQ:PLYA) Short Interest Down 54.4% in November

Playa Hotels and Resorts (NASDAQ:PLYA) received a significant short-term interest drop in November. As of November 15, there was a short interest totaling 3,040,000 shares, down 54.4% from the October 31 total of 6,660,000 shares. Based on an average daily volume of 938,900 shares, the short interest rate is currently 3.2 days. Approximately 2.3% of the shares were short sold.

Several brokerages have recently released reports on PLYA. Zacks Investment Research lowered shares of Playa Hotels & Resorts from “buy” rating to “hold” in a report released on Wednesday, October 20th. Citigroup raised its price target for Playa Hotels & Resorts from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 6th. Four investment analysts have rated the stock with a hold rating and three of them have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.67.

In other Playa Hotels & Resorts news, Chief Financial Officer Ryan Paul Hymel sold 7,838 shares of Playa Hotels & Resorts stock in a transaction dated Wednesday, November 3rd. The stock sold at an average price of $8.91, for a total transaction of $69,836.58. The deal was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this link. Director Karl Peterson also sold 40,000 shares of Playa Hotels & Resorts stock in a transaction dated Wednesday, October 13th. The stock sold for an average price of $8.51, with a total value of $340,400.00. The disclosure of this sale can be found here. Insiders have sold a total of 8,475,645 shares of company stock valued at $68,796,709 over the past 90 days. Insiders own 6.91% of the company’s stock.

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Several large investors have recently added or reduced their stakes in PLYA. Paloma Partners Management Co. acquired a new stake in Playa Hotels & Resorts in the first quarter valued at approximately $80,000. Janus Henderson Group PLC purchased a new position in shares of Playa Hotels & Resorts during the third quarter valued at approximately $97,000. Pinz Capital Management LP bought a new position in shares of Playa Hotels & Resorts during the second quarter valued at approximately $119,000. Robertson Stephens Wealth Management LLC bought a new stake in Playa Hotels and Resorts in the second quarter valued at $148,000. Finally, the Texas Teachers’ Retirement System purchased a new stake in Playa Hotels and Resorts in the third quarter for $155,000. Institutional investors and hedge funds own 75.25% of the company’s stock.

NASDAQ PLYA shares opened at $7.27 on Monday. The company has a fifty-day moving average of $8.28 and a 200-day moving average of $7.53. The company has a debt-to-equity ratio of 1.82, a trading ratio of 2.64 and a quick ratio of 2.52. The stock has a market capitalization of $1.19 billion, a PE ratio of -6.55 and a beta of 2.03. Playa Hotels & Resorts posted a one-year low of $4.84 and a one-year high of $9.46.

Playa Hotels and Resorts (NASDAQ:PLYA) released its latest quarterly earnings data on Wednesday, November 3rd. The company reported ($0.09) earnings per share for the quarter, below the Thomson Reuters consensus estimate of ($0.08) by ($0.01). Playa Hotel and Resorts generated a negative net margin of 38.59% and a negative return on equity of 21.49%. During the same quarter in the previous year, the company reported ($0.57) earnings per share. On average, research analysts expect Playa Hotels and Resorts to post -0.49 earnings per share for the current year.

About Playa Hotels and Resorts

Playa Hotels & Resorts NV operates hotels and resorts. It co-owns, operates and develops all-inclusive resorts in beachfront destinations in Mexico and the Caribbean. The company owns and operates Hyatt Zila Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Resorts Panama Jack Playa del Carmen, Hilton Playa del Carmen, All Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall , Hilton Rose Hole Resort & Spa, Jewel Dunes River Beach Resort, Jewel Grande Resort & Spa Montego Bay, Jewel Runaway Beach & Golf Resort, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cape Cana, Hyatt Ziva Cape Cana Hilton La Romana – All Inclusive Family Resort and Hilton La Romana Resort – All Inclusive for Adults.

Further reading: Understanding the Debt-Equity Ratio in Fundamental Analysis

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