Zurcher Kantonalbank Zurich Cantonalbank Acquires 2,634 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,233 shares of the company’s stock after purchasing an additional 2,634 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Playa Hotels & Resorts were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. HG Vora Capital Management LLC lifted its stake in shares of Playa Hotels & Resorts by 13.6% in the third quarter. HG Vora Capital Management LLC now owns 12,500,000 shares of the company’s stock worth $90,500,000 after buying an additional 1,500,000 shares in the last quarter. Renaissance Group LLC boosted its stake in Playa Hotels & Resorts by 23.1% during the 3rd quarter. Renaissance Group LLC now owns 323,053 shares of the company’s stock valued at $2,339,000 after purchasing an additional 60,727 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Playa Hotels & Resorts by 159.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 393,829 shares of the company’s stock worth $2,851,000 after purchasing an additional 242,039 shares in the last quarter. Dark Forest Capital Management LP raised its stake in shares of Playa Hotels & Resorts by 67.5% in the third quarter. Dark Forest Capital Management LP now owns 117,958 shares of the company’s stock worth $854,000 after purchasing an additional 47,528 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Playa Hotels & Resorts by 2.3% during the fourth quarter. Raymond James & Associates now owns 65,821 shares of the company’s stock valued at $569,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

Insider Transactions at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 20,000 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total transaction of $184,400.00. Following the transaction, the director now directly owns 2,539,033 shares in the company, valued at $23,409,884.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Playa Hotels & Resorts news, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total transaction of $324,671.60. Following the transaction, the chief accounting officer now owns 102,598 shares of the company’s stock, valued at $927,485.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karl Mr. Peterson sold 20,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total transaction of $184,400.00. Following the completion of the sale, the director now directly owns 2,539,033 shares of the company’s stock, valued at $23,409,884.26. The disclosure for this sale can be found here. Insiders have sold 65,915 shares of company stock worth $604,222 in the last 90 days. 7.60% of the stock is currently owned by insiders.

Playa Hotels & Resorts Price Performance

Shares of PLYA opened at $8.92 on Thursday. The firm has a market cap of $1.24 billion, a PE ratio of 26.24, a P/E/G ratio of 6.89 and a beta of 1.54. Playa Hotels & Resorts has a 1-year low of $6.88 and a 1-year high of $9.85. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91. The firm has a fifty day simple moving average of $9.37 and a two-hundred day simple moving average of $8.52.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings results on Monday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. Playa Hotels & Resorts had a return on equity of 10.67% and a net margin of 5.51%. The business had revenue of $300.64 million during the quarter, compared to the consensus estimate of $273.77 million. During the same period in the previous year, the company posted $0.31 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Playa Hotels & Resorts will post 0.39 EPS for the current year.

Analyst Ratings Changes

Separately, Truist Financial boosted their target price on Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th.

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. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.