Jennison Associates LLC Has $20.23 Million Stock Position in Playa Hotels & Resorts NV (NASDAQ:PLYA)

Jennison Associates LLC decreased its position in Playa Hotels & Resorts NV (NASDAQ:PLYA) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,651,751 shares of the company’s stock after selling 118,532 shares during the quarter. Jennison Associates LLC owned 2.03% of Playa Hotels & Resorts worth $20,233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp grew its stake in shares of Playa Hotels & Resorts by 1.2% during the fourth quarter. Northern Trust Corp now owns 135,804 shares of the company’s stock worth $976,000 after purchasing an additional 1,595 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Playa Hotels & Resorts by 175.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the company’s stock valued at $38,000 after acquiring an additional 3,396 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Playa Hotels & Resorts by 11.8% in the fourth quarter. Bank of New York Mellon Corp now owns 67,880 shares of the company’s stock valued at $488,000 after acquiring an additional 7,180 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth about $93,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth about $141,000. 70.88% of the stock is currently owned by institutional investors.

Shares of PLYA stock traded up $0.14 during mid-day trading on Monday, reaching $7.85. The company’s stock had a trading volume of 569,200 shares, compared to its average volume of 319,075. The firm’s 50 day moving average is $8.16. Playa Hotels & Resorts NV has a 12-month low of $5.98 and a 12-month high of $11.48. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.42. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 24.53 and a beta of 0.40.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.18. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $182.60 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that Playa Hotels & Resorts NV will post 0.19 EPS for the current fiscal year.

A number of research analysts have recently weighed in on the stock. BidaskClub cut shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. TheStreet upgraded shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Wednesday, May 15th. Finally, Deutsche Bank restated a “buy” rating and set a $14.00 target price on shares of Playa Hotels & Resorts in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Playa Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $12.00.

In other Playa Hotels & Resorts news, insider Brandon B. Buhler sold 7,475 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $8.20, for a total transaction of $61,295.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brandon B. Buhler sold 4,911 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $8.12, for a total transaction of $39,877.32. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

About Playa Hotels & Resorts

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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