Swiss National Bank Has $843,000 Holdings in Playa Hotels & Resorts NV (NASDAQ:PLYA)

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Swiss National Bank grew its stake in Playa Hotels & Resorts NV (NASDAQ:PLYA) by 2.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 109,300 shares of the company’s stock after buying an additional 2,200 shares during the quarter. Swiss National Bank’s holdings in Playa Hotels & Resorts were worth $843,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Aperio Group LLC acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth about $54,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Playa Hotels & Resorts during the 1st quarter worth about $191,000. Bank of America Corp DE lifted its position in shares of Playa Hotels & Resorts by 163.8% during the 4th quarter. Bank of America Corp DE now owns 41,822 shares of the company’s stock worth $300,000 after purchasing an additional 25,970 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Playa Hotels & Resorts by 30.8% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 85,000 shares of the company’s stock worth $655,000 after purchasing an additional 20,000 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Playa Hotels & Resorts by 64.8% during the 1st quarter. First Trust Advisors LP now owns 165,294 shares of the company’s stock worth $1,261,000 after purchasing an additional 64,972 shares during the last quarter. 68.46% of the stock is owned by institutional investors.

PLYA traded down $0.03 on Thursday, hitting $8.29. 900 shares of the stock traded hands, compared to its average volume of 337,366. Playa Hotels & Resorts NV has a 52 week low of $5.98 and a 52 week high of $10.03. The company has a current ratio of 1.33, a quick ratio of 1.23 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $1.07 billion, a PE ratio of 25.81 and a beta of 0.32. The business has a fifty day moving average price of $7.57 and a two-hundred day moving average price of $7.84.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Playa Hotels & Resorts had a return on equity of 4.47% and a net margin of 3.72%. The firm had revenue of $164.02 million for the quarter, compared to analyst estimates of $160.71 million. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts forecast that Playa Hotels & Resorts NV will post 0.12 EPS for the current fiscal year.

Several equities analysts recently weighed in on PLYA shares. Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Deutsche Bank set a $13.00 price objective on Playa Hotels & Resorts and gave the stock a “buy” rating in a research report on Wednesday, August 7th. SunTrust Banks set a $11.00 price objective on Playa Hotels & Resorts and gave the stock a “buy” rating in a research report on Monday, August 12th. TheStreet raised Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Wednesday, May 15th. Finally, BidaskClub raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Playa Hotels & Resorts has an average rating of “Hold” and an average target price of $10.55.

Playa Hotels & Resorts Company 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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