Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Playa Hotels & Resorts (NASDAQ:PLYA)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Playa Hotels & Resorts (NASDAQ:PLYA) by 13.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,339 shares of the company’s stock after acquiring an additional 3,555 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Playa Hotels & Resorts were worth $227,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Gladius Capital Management LP purchased a new stake in shares of Playa Hotels & Resorts during the second quarter worth about $61,000. Quarry LP boosted its holdings in Playa Hotels & Resorts by 141.3% in the 2nd quarter. Quarry LP now owns 8,686 shares of the company’s stock worth $73,000 after buying an additional 5,087 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Playa Hotels & Resorts during the 2nd quarter worth approximately $88,000. Marshall Wace LLP acquired a new position in shares of Playa Hotels & Resorts during the second quarter valued at approximately $102,000. Finally, AdvisorShares Investments LLC acquired a new position in shares of Playa Hotels & Resorts during the second quarter valued at approximately $105,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Stock Down 1.5 %

Shares of PLYA opened at $10.09 on Monday. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $10.50. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $8.39. The company has a market capitalization of $1.23 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.63 and a beta of 1.64.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup reiterated a “neutral” rating and set a $8.00 price target (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Truist Financial increased their target price on shares of Playa Hotels & Resorts from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer boosted their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Playa Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.