Playa Hotels & Resorts (NASDAQ:PLYA) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 320,700 shares of the company’s stock after buying an additional 6,200 shares during the quarter. Swiss National Bank’s holdings in Playa Hotels & Resorts were worth $2,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Arizona State Retirement System lifted its holdings in shares of Playa Hotels & Resorts by 4.0% in the 4th quarter. Arizona State Retirement System now owns 37,479 shares of the company’s stock valued at $245,000 after buying an additional 1,439 shares during the period. UBS Group AG increased its stake in shares of Playa Hotels & Resorts by 25.1% in the 2nd quarter. UBS Group AG now owns 7,376 shares of the company’s stock valued at $50,000 after purchasing an additional 1,478 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Playa Hotels & Resorts by 2.3% in the 3rd quarter. California State Teachers Retirement System now owns 114,120 shares of the company’s stock valued at $664,000 after purchasing an additional 2,522 shares in the last quarter. Keebeck Alpha LP increased its stake in shares of Playa Hotels & Resorts by 17.1% in the 3rd quarter. Keebeck Alpha LP now owns 17,409 shares of the company’s stock valued at $101,000 after purchasing an additional 2,537 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Playa Hotels & Resorts by 10.9% in the 2nd quarter. Legal & General Group Plc now owns 32,251 shares of the company’s stock valued at $222,000 after purchasing an additional 3,157 shares in the last quarter. Institutional investors and hedge funds own 82.25% of the company’s stock.

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA opened at $9.00 on Friday. Playa Hotels & Resorts has a 12 month low of $5.34 and a 12 month high of $9.77. The stock has a 50 day moving average of $9.13 and a two-hundred day moving average of $7.74. The company has a current ratio of 2.13, a quick ratio of 2.04 and a debt-to-equity ratio of 1.58. The firm has a market cap of $1.37 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 4.55 and a beta of 1.53.

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last posted its quarterly earnings data on Friday, May 5th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Playa Hotels & Resorts had a return on equity of 14.51% and a net margin of 6.22%. The company had revenue of $273.80 million during the quarter, compared to analyst estimates of $264.40 million. During the same period in the previous year, the business earned $0.19 EPS. Playa Hotels & Resorts’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts expect that Playa Hotels & Resorts will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $9.48, for a total transaction of $948,000.00. Following the completion of the sale, the director now directly owns 2,694,033 shares in the company, valued at approximately $25,539,432.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 32,000 shares of the company’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $8.98, for a total value of $287,360.00. Following the completion of the sale, the chief accounting officer now directly owns 107,460 shares in the company, valued at approximately $964,990.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Karl Mr. Peterson sold 100,000 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $9.48, for a total value of $948,000.00. Following the completion of the sale, the director now directly owns 2,694,033 shares of the company’s stock, valued at $25,539,432.84. The disclosure for this sale can be found here. In the last three months, insiders sold 187,000 shares of company stock worth $1,753,560. Corporate insiders own 7.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup lifted their price target on Playa Hotels & Resorts from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Oppenheimer lifted their price target on Playa Hotels & Resorts from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Tuesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Playa Hotels & Resorts from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, February 27th.

About Playa Hotels & Resorts

(Get Rating)

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana. The company was founded on March 28, 2013 and is headquartered in Amsterdam, the Netherlands.