35,684 Shares in Playa Hotels & Resorts (NASDAQ:PLYA) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp purchased a new position in shares of Playa Hotels & Resorts (NASDAQ:PLYA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,684 shares of the company’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Playa Hotels & Resorts by 46.5% during the 1st quarter. JPMorgan Chase & Co. now owns 524,376 shares of the company’s stock worth $4,536,000 after purchasing an additional 166,474 shares during the period. Bank of Montreal Can purchased a new position in Playa Hotels & Resorts during the 1st quarter worth $3,705,000. Dimensional Fund Advisors LP increased its holdings in Playa Hotels & Resorts by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,280,937 shares of the company’s stock worth $19,732,000 after purchasing an additional 170,730 shares during the period. Vanguard Group Inc. increased its holdings in Playa Hotels & Resorts by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,295,671 shares of the company’s stock worth $19,857,000 after purchasing an additional 12,747 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in Playa Hotels & Resorts during the 1st quarter worth $99,000. 91.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer reduced their price objective on Playa Hotels & Resorts from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, August 7th.

Playa Hotels & Resorts Trading Down 1.0 %

Shares of NASDAQ:PLYA opened at $7.08 on Thursday. Playa Hotels & Resorts has a 12-month low of $5.62 and a 12-month high of $9.77. The business’s fifty day simple moving average is $7.18 and its 200-day simple moving average is $8.00. The company has a market capitalization of $1.05 billion, a PE ratio of 23.60, a P/E/G ratio of 4.51 and a beta of 1.48. The company has a current ratio of 1.90, a quick ratio of 1.79 and a debt-to-equity ratio of 1.80.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. Playa Hotels & Resorts N.V. was founded in 2006 and is headquartered in Fairfax, Virginia.