Victory Capital Management Inc. Makes New Investment in Playa Hotels & Resorts (NASDAQ:PLYA)

Victory Capital Management Inc. purchased a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,947 shares of the company’s stock, valued at approximately $199,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in Playa Hotels & Resorts by 5.8% during the first quarter. Teacher Retirement System of Texas now owns 23,574 shares of the company’s stock worth $204,000 after purchasing an additional 1,300 shares during the period. Fox Run Management L.L.C. increased its stake in shares of Playa Hotels & Resorts by 17.0% during the first quarter. Fox Run Management L.L.C. now owns 18,112 shares of the company’s stock worth $157,000 after buying an additional 2,630 shares during the period. Arizona State Retirement System increased its stake in shares of Playa Hotels & Resorts by 14.6% during the second quarter. Arizona State Retirement System now owns 35,616 shares of the company’s stock worth $245,000 after buying an additional 4,531 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Playa Hotels & Resorts during the second quarter worth approximately $67,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of Playa Hotels & Resorts during the first quarter worth approximately $99,000. 77.93% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Stock Performance

Shares of PLYA opened at $6.12 on Friday. The stock has a 50 day moving average price of $5.97 and a 200 day moving average price of $7.02. The company has a quick ratio of 2.28, a current ratio of 2.36 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $993.81 million, a price-to-earnings ratio of 14.23 and a beta of 1.58. Playa Hotels & Resorts has a 52-week low of $5.34 and a 52-week high of $9.81.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of Playa Hotels & Resorts from $15.00 to $14.00 in a research note on Thursday, November 3rd.

Insider Activity at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $7.00, for a total value of $140,000.00. Following the completion of the transaction, the director now directly owns 2,794,033 shares of the company’s stock, valued at $19,558,231. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.50% of the stock is currently owned by corporate insiders.

Playa Hotels & Resorts Profile

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Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.

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

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