Schwab Charles Investment Management Inc. Grows Holdings in Playa Hotels & Resorts NV (PLYA)

Schwab Charles Investment Management Inc. raised its stake in Playa Hotels & Resorts NV (NASDAQ:PLYA) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,470 shares of the company’s stock after buying an additional 14,230 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.13% of Playa Hotels & Resorts worth $1,581,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in PLYA. Susquehanna International Group LLP acquired a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth $827,000. JPMorgan Chase & Co. acquired a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth $777,000. GSA Capital Partners LLP acquired a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth $323,000. Neuberger Berman Group LLC increased its stake in shares of Playa Hotels & Resorts by 25.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,320,849 shares of the company’s stock worth $13,776,000 after purchasing an additional 266,104 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Playa Hotels & Resorts by 11.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock worth $1,346,000 after purchasing an additional 13,500 shares during the last quarter. Hedge funds and other institutional investors own 78.87% of the company’s stock.

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Shares of Playa Hotels & Resorts NV (NASDAQ PLYA) opened at $10.22 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.42 and a current ratio of 1.50. The stock has a market cap of $1,127.74 and a price-to-earnings ratio of -170.33. Playa Hotels & Resorts NV has a 1-year low of $9.41 and a 1-year high of $12.27.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.10. The business had revenue of $126.54 million during the quarter, compared to the consensus estimate of $124.85 million. Playa Hotels & Resorts had a negative net margin of 0.04% and a positive return on equity of 5.24%. analysts anticipate that Playa Hotels & Resorts NV will post 0.21 earnings per share for the current year.

In related news, CEO Bruce D. Wardinski purchased 25,000 shares of Playa Hotels & Resorts stock in a transaction on Wednesday, March 14th. The stock was purchased at an average cost of $10.95 per share, with a total value of $273,750.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hal Jones purchased 10,000 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, March 6th. The stock was bought at an average cost of $10.50 per share, with a total value of $105,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 58,000 shares of company stock valued at $628,070. 2.74% of the stock is owned by insiders.

Several research analysts have recently commented on PLYA shares. Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, March 3rd. BidaskClub downgraded shares of Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 23rd. Finally, Nomura reaffirmed a “buy” rating and set a $16.00 price objective on shares of Playa Hotels & Resorts in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Playa Hotels & Resorts currently has an average rating of “Buy” and a consensus price target of $14.04.

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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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