Marshall Wace North America L.P. lowered its position in Playa Hotels & Resorts NV (NASDAQ:PLYA) by 76.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,148 shares of the company’s stock after selling 92,310 shares during the quarter. Marshall Wace North America L.P.’s holdings in Playa Hotels & Resorts were worth $222,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in PLYA. Northwood Liquid Management LP acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at $11,182,000. Long Pond Capital LP acquired a new stake in Playa Hotels & Resorts in the first quarter valued at $10,725,000. Dimensional Fund Advisors LP lifted its stake in Playa Hotels & Resorts by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock valued at $10,900,000 after acquiring an additional 314,103 shares during the last quarter. Royce & Associates LP acquired a new stake in Playa Hotels & Resorts in the first quarter valued at $1,551,000. Finally, Marlowe Partners LP lifted its stake in Playa Hotels & Resorts by 4.7% in the fourth quarter. Marlowe Partners LP now owns 2,957,262 shares of the company’s stock valued at $21,263,000 after acquiring an additional 133,695 shares during the last quarter. Hedge funds and other institutional investors own 70.95% of the company’s stock.
Shares of NASDAQ PLYA traded down $0.09 during mid-day trading on Friday, reaching $7.34. 289,301 shares of the company were exchanged, compared to its average volume of 512,497. The firm’s 50-day moving average is $7.83. 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 company has a market capitalization of $968.98 million, a PE ratio of 22.94 and a beta of 0.40. Playa Hotels & Resorts NV has a twelve month low of $5.98 and a twelve month high of $11.01.
In related news, insider Brandon B. Buhler sold 7,475 shares of the firm’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 SEC, which is available through this link. Also, insider Brandon B. Buhler sold 4,911 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was 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. 3.67% of the stock is currently owned by company insiders.
PLYA has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. TheStreet cut shares of YRC Worldwide from a “c” rating to a “d+” rating in a research note on Wednesday, May 15th. Finally, BidaskClub cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.35.
Playa Hotels & Resorts 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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