Gruss Capital Management LP lessened its position in Playa Hotels & Resorts N.V. (NASDAQ:PLYA) by 64.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,041 shares of the company’s stock after selling 477,458 shares during the period. Playa Hotels & Resorts comprises 0.2% of Gruss Capital Management LP’s portfolio, making the stock its 17th largest holding. Gruss Capital Management LP owned approximately 0.24% of Playa Hotels & Resorts worth $2,712,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Western Standard LLC acquired a new position in shares of Playa Hotels & Resorts in the third quarter valued at approximately $1,186,000. Epoch Investment Partners Inc. increased its position in Playa Hotels & Resorts by 103.2% during the third quarter. Epoch Investment Partners Inc. now owns 715,013 shares of the company’s stock worth $7,458,000 after purchasing an additional 363,114 shares during the last quarter. Elk Creek Partners LLC increased its position in Playa Hotels & Resorts by 41.6% during the third quarter. Elk Creek Partners LLC now owns 814,847 shares of the company’s stock worth $8,499,000 after purchasing an additional 239,380 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Playa Hotels & Resorts by 179.2% during the third quarter. Dimensional Fund Advisors LP now owns 421,267 shares of the company’s stock worth $4,394,000 after purchasing an additional 270,410 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Playa Hotels & Resorts by 56.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 132,240 shares of the company’s stock worth $1,380,000 after purchasing an additional 47,540 shares during the last quarter. 77.43% of the stock is owned by institutional investors and hedge funds.

Playa Hotels & Resorts N.V. (PLYA) opened at $10.79 on Thursday. Playa Hotels & Resorts N.V. has a 52-week low of $9.81 and a 52-week high of $12.27. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 1.44.

In related news, Director Daniel J. Hirsch purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $10.52 per share, with a total value of $315,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.74% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Janney Montgomery Scott assumed coverage on shares of Playa Hotels & Resorts in a research report on Thursday, September 7th. They set a “buy” rating and a $14.00 price target for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $14.75 price target on shares of Playa Hotels & Resorts in a research report on Friday, November 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $13.54.

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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.

Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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