Lazard Asset Management LLC acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) in the second quarter, HoldingsChannel reports. The institutional investor acquired 31,873 shares of the company’s stock, valued at approximately $218,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keebeck Alpha LP purchased a new position in Playa Hotels & Resorts in the 2nd quarter valued at about $102,000. AdvisorShares Investments LLC lifted its position in shares of Playa Hotels & Resorts by 108.4% during the second quarter. AdvisorShares Investments LLC now owns 41,294 shares of the company’s stock worth $284,000 after purchasing an additional 21,483 shares during the last quarter. MQS Management LLC bought a new position in shares of Playa Hotels & Resorts during the second quarter worth about $111,000. State of New Jersey Common Pension Fund D bought a new position in shares of Playa Hotels & Resorts during the second quarter worth about $1,963,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Playa Hotels & Resorts during the second quarter worth about $216,000. 77.93% of the stock is owned by hedge funds and other institutional investors.
Playa Hotels & Resorts Stock Performance
Shares of PLYA stock opened at $5.99 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 2.28 and a current ratio of 2.36. The company’s 50-day simple moving average is $5.93 and its 200-day simple moving average is $6.85. Playa Hotels & Resorts has a one year low of $5.34 and a one year high of $9.81. The stock has a market capitalization of $972.70 million, a price-to-earnings ratio of 13.93 and a beta of 1.58.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Playa Hotels & Resorts from $15.00 to $14.00 in a research report on Thursday, November 3rd.
About Playa Hotels & Resorts
Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.
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