Geode Capital Management LLC Buys 54,198 Shares of Playa Hotels & Resorts (PLYA)

Geode Capital Management LLC grew its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 479,817 shares of the company’s stock after purchasing an additional 54,198 shares during the quarter. Geode Capital Management LLC owned approximately 0.43% of Playa Hotels & Resorts worth $5,177,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Playa Hotels & Resorts by 1.9% in the third quarter. Janus Henderson Group PLC now owns 4,186,994 shares of the company’s stock valued at $43,670,000 after purchasing an additional 79,431 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Playa Hotels & Resorts by 1.0% in the fourth quarter. Jennison Associates LLC now owns 3,203,675 shares of the company’s stock valued at $34,568,000 after purchasing an additional 30,872 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Playa Hotels & Resorts by 41.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,686,100 shares of the company’s stock valued at $28,983,000 after purchasing an additional 793,159 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Playa Hotels & Resorts by 25.2% in the third quarter. Neuberger Berman Group LLC now owns 1,320,849 shares of the company’s stock valued at $13,776,000 after purchasing an additional 266,104 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Playa Hotels & Resorts by 179.2% in the third quarter. Dimensional Fund Advisors LP now owns 421,267 shares of the company’s stock valued at $4,394,000 after purchasing an additional 270,410 shares in the last quarter. Institutional investors own 78.87% of the company’s stock.

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PLYA has been the topic of a number of recent research reports. Zacks Investment Research lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday, March 3rd. BidaskClub upgraded Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, Nomura restated a “buy” rating and issued a $16.00 target price on shares of Playa Hotels & Resorts in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.04.

In other Playa Hotels & Resorts news, CEO Bruce D. Wardinski purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were acquired at an average cost of $10.95 per share, for a total transaction of $273,750.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen G. Haggerty purchased 23,000 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were acquired at an average price of $10.84 per share, for a total transaction of $249,320.00. The disclosure for this purchase can be found here. Insiders have purchased 58,000 shares of company stock worth $628,070 over the last quarter. 2.74% of the stock is currently owned by corporate insiders.

Shares of Playa Hotels & Resorts stock opened at $10.54 on Wednesday. The firm has a market cap of $1,160.84 and a P/E ratio of 27.74. Playa Hotels & Resorts has a 12 month low of $9.41 and a 12 month high of $12.27. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.42 and a current ratio of 1.50.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Thursday, March 1st. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. The business had revenue of $126.54 million for the quarter, compared to analyst estimates of $124.85 million. Playa Hotels & Resorts had a positive return on equity of 5.24% and a negative net margin of 0.04%. research analysts anticipate that Playa Hotels & Resorts will post 0.21 EPS for the current year.

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About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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

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