Playa Hotels & Resorts NV (NASDAQ:PLYA) Sees Significant Increase in Short Interest

Playa Hotels & Resorts NV (NASDAQ:PLYA) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 773,900 shares, a growth of 74.3% from the May 30th total of 443,900 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 405,300 shares, the short-interest ratio is currently 1.9 days.

PLYA traded down $0.07 during trading hours on Friday, hitting $7.63. 170,391 shares of the company’s stock were exchanged, compared to its average volume of 526,649. Playa Hotels & Resorts has a 1-year low of $5.98 and a 1-year high of $11.01. The firm has a 50-day moving average price of $7.93. The company has a market capitalization of $995.03 million, a PE ratio of 23.84 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.18. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The business had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $182.60 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Playa Hotels & Resorts will post 0.19 EPS for the current fiscal year.

Several research analysts have recently weighed in on PLYA shares. TheStreet cut shares of YRC Worldwide from a “c” rating to a “d+” rating in a report on Wednesday, May 15th. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.35.

In other news, insider Brandon B. Buhler sold 7,475 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $8.20, for a total value of $61,295.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brandon B. Buhler sold 4,911 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $8.12, for a total transaction of $39,877.32. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in Playa Hotels & Resorts during the fourth quarter worth $93,000. Two Sigma Advisers LP bought a new stake in Playa Hotels & Resorts during the fourth quarter worth $145,000. Mercer Global Advisors Inc. ADV bought a new stake in Playa Hotels & Resorts during the first quarter worth $191,000. GSA Capital Partners LLP bought a new stake in Playa Hotels & Resorts during the fourth quarter worth $278,000. Finally, Bank of America Corp DE raised its position in Playa Hotels & Resorts by 163.8% during the fourth quarter. Bank of America Corp DE now owns 41,822 shares of the company’s stock worth $300,000 after acquiring an additional 25,970 shares in the last quarter. Institutional investors and hedge funds own 70.88% of the company’s stock.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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