Thrivent Financial for Lutherans Has $400,000 Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Thrivent Financial for Lutherans cut its holdings in shares of Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) by 54.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,329 shares of the company’s stock after selling 72,829 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Playa Hotels & Resorts were worth $400,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLYA. JPMorgan Chase & Co. increased its position in shares of Playa Hotels & Resorts by 46.5% in the first quarter. JPMorgan Chase & Co. now owns 524,376 shares of the company’s stock valued at $4,536,000 after acquiring an additional 166,474 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $3,705,000. Dimensional Fund Advisors LP raised its stake in shares of Playa Hotels & Resorts by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,280,937 shares of the company’s stock worth $19,732,000 after purchasing an additional 170,730 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Playa Hotels & Resorts by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,295,671 shares of the company’s stock valued at $19,857,000 after buying an additional 12,747 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Playa Hotels & Resorts in the first quarter valued at $447,000. 82.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on PLYA. Oppenheimer upped their price target on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 28th. Citigroup upped their target price on shares of Playa Hotels & Resorts from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday, January 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Playa Hotels & Resorts from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, February 27th.

Insider Activity at Playa Hotels & Resorts

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 100,000 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $9.48, for a total transaction of $948,000.00. Following the transaction, the director now owns 2,694,033 shares in the company, valued at approximately $25,539,432.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 32,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $8.98, for a total transaction of $287,360.00. Following the transaction, the chief accounting officer now owns 107,460 shares in the company, valued at approximately $964,990.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Karl Mr. Peterson sold 100,000 shares of Playa Hotels & Resorts stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $9.48, for a total value of $948,000.00. Following the completion of the transaction, the director now directly owns 2,694,033 shares of the company’s stock, valued at $25,539,432.84. The disclosure for this sale can be found here. Insiders sold 187,000 shares of company stock worth $1,753,560 in the last ninety days. 7.60% of the stock is owned by company insiders.

Playa Hotels & Resorts Trading Up 1.2 %

PLYA stock opened at $9.00 on Friday. Playa Hotels & Resorts has a one year low of $5.34 and a one year high of $9.77. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 4.55 and a beta of 1.53. The company has a fifty day moving average price of $9.13 and a two-hundred day moving average price of $7.74. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.13 and a quick ratio of 2.04.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last announced its quarterly earnings results on Friday, May 5th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Playa Hotels & Resorts had a net margin of 6.22% and a return on equity of 14.51%. The business had revenue of $273.80 million for the quarter, compared to analyst estimates of $264.40 million. During the same quarter in the prior year, the business earned $0.19 EPS. Playa Hotels & Resorts’s quarterly revenue was up 24.7% on a year-over-year basis. Equities analysts anticipate that Playa Hotels & Resorts will post 0.57 EPS for the current year.

About Playa Hotels & Resorts

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Playa Hotels & Resorts NV engages in the operation of hotels and resorts. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana. The company was founded on March 28, 2013 and is headquartered in Amsterdam, the Netherlands.

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

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