Teacher Retirement System of Texas Sells 7,400 Shares of Playa Hotels & Resorts NV (PLYA)

Teacher Retirement System of Texas lowered its position in shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) by 35.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,429 shares of the company’s stock after selling 7,400 shares during the quarter. Teacher Retirement System of Texas’ holdings in Playa Hotels & Resorts were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PLYA. Wells Fargo & Company MN raised its position in shares of Playa Hotels & Resorts by 41.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,686,100 shares of the company’s stock worth $28,983,000 after purchasing an additional 793,159 shares during the last quarter. Armistice Capital LLC raised its position in shares of Playa Hotels & Resorts by 36.6% in the 4th quarter. Armistice Capital LLC now owns 2,224,000 shares of the company’s stock worth $23,997,000 after purchasing an additional 596,000 shares during the last quarter. Keeley Teton Advisors LLC purchased a new position in shares of Playa Hotels & Resorts in the 4th quarter worth about $5,019,000. ArrowMark Colorado Holdings LLC raised its position in shares of Playa Hotels & Resorts by 20.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,170,453 shares of the company’s stock worth $23,419,000 after purchasing an additional 368,405 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Playa Hotels & Resorts by 6.3% in the 1st quarter. Neuberger Berman Group LLC now owns 1,981,222 shares of the company’s stock worth $20,248,000 after purchasing an additional 117,341 shares during the last quarter. 82.78% of the stock is owned by institutional investors and hedge funds.

Playa Hotels & Resorts opened at $10.81 on Friday, according to Marketbeat. Playa Hotels & Resorts NV has a one year low of $9.41 and a one year high of $12.27. The stock has a market capitalization of $1.43 billion, a P/E ratio of 28.45 and a beta of -0.02. The company has a quick ratio of 1.57, a current ratio of 1.65 and a debt-to-equity ratio of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, May 7th. The company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Playa Hotels & Resorts had a positive return on equity of 6.46% and a negative net margin of 1.08%. The firm had revenue of $176.85 million for the quarter, compared to analysts’ expectations of $172.88 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. sell-side analysts expect that Playa Hotels & Resorts NV will post 0.36 EPS for the current year.

Several research firms recently commented on PLYA. Zacks Investment Research upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Tuesday. BidaskClub upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.19.

In other Playa Hotels & Resorts news, CFO Ryan Paul Hymel sold 2,922 shares of Playa Hotels & Resorts stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $10.50, for a total value of $30,681.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Alexander Stadlin sold 4,924 shares of Playa Hotels & Resorts stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $10.51, for a total transaction of $51,751.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,483 shares of company stock worth $110,147. 2.74% of the stock is owned by corporate insiders.

Playa Hotels & Resorts Profile

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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