Raymond James & Associates lifted its holdings in Playa Hotels & Resorts (NASDAQ:PLYA) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 140,012 shares of the company’s stock after buying an additional 5,726 shares during the quarter. Raymond James & Associates’ holdings in Playa Hotels & Resorts were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in Playa Hotels & Resorts during the 3rd quarter worth $145,000. Goldman Sachs Group Inc. acquired a new position in Playa Hotels & Resorts during the 4th quarter worth $155,000. Citadel Advisors LLC acquired a new position in Playa Hotels & Resorts during the 4th quarter worth $191,000. Cubist Systematic Strategies LLC lifted its position in Playa Hotels & Resorts by 170.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock worth $197,000 after acquiring an additional 11,870 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Playa Hotels & Resorts during the 4th quarter worth $225,000. 78.87% of the stock is owned by hedge funds and other institutional investors.

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In related news, CEO Bruce D. Wardinski acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were bought at an average price of $10.95 per share, for a total transaction of $273,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen G. Haggerty acquired 23,000 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were bought at an average price of $10.84 per share, for a total transaction of $249,320.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 58,000 shares of company stock worth $628,070. Insiders own 2.74% of the company’s stock.

Playa Hotels & Resorts stock opened at $10.51 on Tuesday. The firm has a market cap of $1,160.84 and a price-to-earnings ratio of 27.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.42. Playa Hotels & Resorts has a fifty-two week low of $9.41 and a fifty-two week high of $12.27.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Thursday, March 1st. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. Playa Hotels & Resorts had a negative net margin of 0.04% and a positive return on equity of 5.24%. The firm had revenue of $126.54 million during the quarter, compared to analyst estimates of $124.85 million. equities analysts forecast that Playa Hotels & Resorts will post 0.21 earnings per share for the current fiscal year.

A number of research firms have weighed in on PLYA. BidaskClub raised shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. Nomura reissued a “buy” rating and set a $16.00 target price on shares of Playa Hotels & Resorts in a research report on Friday, January 19th. Finally, Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Playa Hotels & Resorts currently has an average rating of “Buy” and an average target price of $14.04.

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Playa Hotels & Resorts Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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

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