Arizona State Retirement System Raises Position in Playa Hotels & Resorts (NASDAQ:PLYA)

Arizona State Retirement System grew its position in Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,479 shares of the company’s stock after acquiring an additional 1,439 shares during the period. Arizona State Retirement System’s holdings in Playa Hotels & Resorts were worth $245,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $160,000. Los Angeles Capital Management LLC boosted its holdings in shares of Playa Hotels & Resorts by 140.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 29,276 shares of the company’s stock valued at $191,000 after acquiring an additional 17,088 shares in the last quarter. Intellectus Partners LLC boosted its holdings in shares of Playa Hotels & Resorts by 32.9% in the fourth quarter. Intellectus Partners LLC now owns 52,500 shares of the company’s stock valued at $343,000 after acquiring an additional 13,000 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $115,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $2,527,000. Hedge funds and other institutional investors own 82.25% of the company’s stock.

Insider Buying and Selling at Playa Hotels & Resorts

In other news, CAO Brandon B. Buhler sold 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $8.98, for a total value of $287,360.00. Following the completion of the transaction, the chief accounting officer now owns 107,460 shares of the company’s stock, valued at $964,990.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Gregory Maliassas sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $9.08, for a total value of $136,200.00. Following the completion of the transaction, the chief operating officer now owns 332,688 shares of the company’s stock, valued at $3,020,807.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Brandon B. Buhler sold 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $8.98, for a total transaction of $287,360.00. Following the completion of the transaction, the chief accounting officer now directly owns 107,460 shares of the company’s stock, valued at approximately $964,990.80. The disclosure for this sale can be found here. Insiders have sold 187,000 shares of company stock valued at $1,753,560 over the last quarter. Corporate insiders own 7.60% of the company’s stock.

Playa Hotels & Resorts Stock Up 1.2 %

PLYA stock opened at $8.95 on Wednesday. Playa Hotels & Resorts has a 52 week low of $5.34 and a 52 week high of $9.77. The company has a market cap of $1.36 billion, a P/E ratio of 25.57, a P/E/G ratio of 4.58 and a beta of 1.53. The company has a current ratio of 2.13, a quick ratio of 2.04 and a debt-to-equity ratio of 1.58. The company’s 50-day moving average price is $9.13 and its 200 day moving average price is $7.72.

Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. Playa Hotels & Resorts had a net margin of 6.22% and a return on equity of 14.51%. The company had revenue of $273.80 million for the quarter, compared to the consensus estimate of $264.40 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. On average, research analysts expect that Playa Hotels & Resorts will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLYA. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Playa Hotels & Resorts from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, February 27th. Oppenheimer boosted their price objective on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Tuesday, February 28th. Finally, Citigroup boosted their price objective on shares of Playa Hotels & Resorts from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, January 27th.

Playa Hotels & Resorts Profile

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Playa Hotels & Resorts NV engages in the operation of hotels and resorts. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana. The company was founded on March 28, 2013 and is headquartered in Amsterdam, the Netherlands.