Playa Hotels & Resorts N.V. (PLYA) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lowered its holdings in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) by 11.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,854,972 shares of the company’s stock after selling 245,027 shares during the period. Alyeska Investment Group L.P. owned about 1.68% of Playa Hotels & Resorts worth $19,347,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth $96,964,000. Marshall Wace LLP acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth $6,600,000. Russell Investments Group Ltd. acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth $1,078,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth $1,013,000. Finally, Neuberger Berman Group LLC raised its holdings in shares of Playa Hotels & Resorts by 28.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,054,745 shares of the company’s stock worth $12,604,000 after buying an additional 232,476 shares in the last quarter. 77.43% of the stock is owned by institutional investors.

In other news, Director Daniel J. Hirsch bought 30,000 shares of the stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $10.52 per share, with a total value of $315,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.74% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on PLYA shares. Zacks Investment Research cut Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Northland Securities reaffirmed a “buy” rating and issued a $14.75 target price on shares of Playa Hotels & Resorts in a report on Friday, November 10th. Finally, Janney Montgomery Scott started coverage on Playa Hotels & Resorts in a report on Thursday, September 7th. They issued a “buy” rating and a $14.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $13.54.

Playa Hotels & Resorts N.V. (PLYA) opened at $10.74 on Monday. Playa Hotels & Resorts N.V. has a fifty-two week low of $9.81 and a fifty-two week high of $12.27. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 1.44.

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Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

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

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