Swiss National Bank boosted its stake in Playa Hotels & Resorts NV (NASDAQ:PLYA) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 109,300 shares of the company’s stock after acquiring an additional 2,200 shares during the quarter. Swiss National Bank owned 0.08% of Playa Hotels & Resorts worth $843,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PLYA. Aperio Group LLC purchased a new stake in Playa Hotels & Resorts in the 2nd quarter valued at about $54,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Playa Hotels & Resorts during the first quarter valued at $191,000. Bank of America Corp DE boosted its stake in shares of 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 valued at $300,000 after acquiring an additional 25,970 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Playa Hotels & Resorts by 30.8% during the second quarter. State of New Jersey Common Pension Fund D now owns 85,000 shares of the company’s stock valued at $655,000 after acquiring an additional 20,000 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Playa Hotels & Resorts by 64.8% during the first quarter. First Trust Advisors LP now owns 165,294 shares of the company’s stock valued at $1,261,000 after acquiring an additional 64,972 shares during the last quarter. 68.46% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts stock traded down $0.03 during mid-day trading on Thursday, hitting $8.29. 900 shares of the company’s stock traded hands, compared to its average volume of 337,366. The firm has a 50 day moving average price of $7.57 and a 200 day moving average price of $7.84. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 1.14. The company has a market cap of $1.07 billion, a PE ratio of 25.81 and a beta of 0.32. Playa Hotels & Resorts NV has a one year low of $5.98 and a one year high of $10.03.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The firm had revenue of $164.02 million for the quarter, compared to the consensus estimate of $160.71 million. Playa Hotels & Resorts had a return on equity of 4.47% and a net margin of 3.72%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. On average, analysts expect that Playa Hotels & Resorts NV will post 0.12 earnings per share for the current fiscal year.

A number of analysts recently commented on the company. SunTrust Banks set a $11.00 price objective on Playa Hotels & Resorts and gave the company a “buy” rating in a research note on Monday, August 12th. BidaskClub upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday. Deutsche Bank set a $13.00 price objective on Playa Hotels & Resorts and gave the stock a “buy” rating in a report on Wednesday, August 7th. TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.55.

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

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