Jane Street Group LLC bought a new position in shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,841 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLYA. First Trust Advisors LP lifted its holdings 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 worth $1,261,000 after buying an additional 64,972 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Playa Hotels & Resorts by 3.3% during the first quarter. BlackRock Inc. now owns 1,298,507 shares of the company’s stock worth $2,272,000 after buying an additional 41,393 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in shares of Playa Hotels & Resorts by 22.1% during the first quarter. WINTON GROUP Ltd now owns 281,862 shares of the company’s stock worth $493,000 after buying an additional 51,006 shares in the last quarter. North Peak Capital Management LLC acquired a new stake in shares of Playa Hotels & Resorts during the first quarter worth $2,276,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Playa Hotels & Resorts by 3.3% during the first quarter. Geode Capital Management LLC now owns 582,675 shares of the company’s stock worth $1,019,000 after buying an additional 18,689 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Shares of NASDAQ PLYA opened at $4.12 on Friday. The company has a current ratio of 2.79, a quick ratio of 2.68 and a debt-to-equity ratio of 1.76. The company has a market cap of $554.12 million, a price-to-earnings ratio of -3.40 and a beta of 2.15. Playa Hotels & Resorts NV has a 12 month low of $1.30 and a 12 month high of $8.59. The stock has a 50-day moving average price of $4.19 and a two-hundred day moving average price of $3.24.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its earnings results on Thursday, August 6th. The company reported ($0.46) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.47) by $0.01. The firm had revenue of $0.98 million during the quarter, compared to the consensus estimate of $0.61 million. Playa Hotels & Resorts had a negative return on equity of 12.73% and a negative net margin of 34.82%. The business’s quarterly revenue was down 99.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 earnings per share. On average, sell-side analysts predict that Playa Hotels & Resorts NV will post -1.4 earnings per share for the current year.

A number of research firms recently commented on PLYA. Deutsche Bank reaffirmed a “buy” rating and issued a $8.00 price target on shares of Playa Hotels & Resorts in a research note on Sunday, August 9th. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. BidaskClub downgraded Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd. Finally, Citigroup boosted their price target on Playa Hotels & Resorts from $1.00 to $3.00 and gave the company a “sell” rating in a research note on Thursday, July 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Playa Hotels & Resorts currently has an average rating of “Hold” and an average price target of $5.10.

Playa Hotels & Resorts Profile

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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