Playa Hotels & Resorts NV (PLYA) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC lessened its stake in shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) by 23.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,591 shares of the company’s stock after selling 28,780 shares during the quarter. Citadel Advisors LLC owned about 0.07% of Playa Hotels & Resorts worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of Playa Hotels & Resorts by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock worth $12,192,000 after purchasing an additional 197,520 shares in the last quarter. BlackRock Inc. lifted its position in Playa Hotels & Resorts by 10.2% in the 2nd quarter. BlackRock Inc. now owns 335,764 shares of the company’s stock worth $3,627,000 after buying an additional 31,117 shares during the last quarter. GSA Capital Partners LLP lifted its position in Playa Hotels & Resorts by 171.3% in the 2nd quarter. GSA Capital Partners LLP now owns 127,722 shares of the company’s stock worth $1,379,000 after buying an additional 80,651 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Playa Hotels & Resorts by 12.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 186,076 shares of the company’s stock worth $2,010,000 after buying an additional 20,364 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in Playa Hotels & Resorts by 15.2% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 149,800 shares of the company’s stock worth $1,618,000 after buying an additional 19,800 shares during the last quarter. 71.00% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently weighed in on PLYA. BidaskClub upgraded Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 22nd. Citigroup set a $11.00 price objective on Playa Hotels & Resorts and gave the company a “hold” rating in a research report on Tuesday, September 18th. Nomura downgraded Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Tuesday, September 18th. Deutsche Bank set a $15.00 price objective on Playa Hotels & Resorts and gave the company a “buy” rating in a research report on Saturday, September 15th. Finally, SunTrust Banks initiated coverage on Playa Hotels & Resorts in a research note on Tuesday, August 28th. They set a “buy” rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Playa Hotels & Resorts has an average rating of “Hold” and an average price target of $12.96.

PLYA stock traded up $0.01 during midday trading on Friday, hitting $9.34. The stock had a trading volume of 291,023 shares, compared to its average volume of 265,235. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 24.58 and a beta of -0.10. Playa Hotels & Resorts NV has a 52-week low of $8.89 and a 52-week high of $11.69. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.16.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Monday, August 6th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. The company had revenue of $145.57 million for the quarter, compared to analysts’ expectations of $144.83 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts expect that Playa Hotels & Resorts NV will post 0.4 earnings per share for the current fiscal year.

In related news, Director Karl Mr. Peterson bought 50,000 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were purchased at an average cost of $10.35 per share, with a total value of $517,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.67% of the company’s stock.

Playa Hotels & Resorts Company 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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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