Citigroup Inc. lifted its stake in Playa Hotels & Resorts N.V. (NASDAQ:PLYA) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,591 shares of the company’s stock after buying an additional 15,929 shares during the period. Citigroup Inc. owned about 0.10% of Playa Hotels & Resorts N.V. worth $1,249,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PLYA. Bank of New York Mellon Corp acquired a new stake in Playa Hotels & Resorts N.V. during the first quarter worth about $1,983,000. Neuberger Berman Group LLC bought a new position in Playa Hotels & Resorts N.V. during the first quarter valued at about $8,634,000. Gruss Capital Management LP bought a new position in Playa Hotels & Resorts N.V. during the first quarter valued at about $6,405,000. Morgan Stanley bought a new position in Playa Hotels & Resorts N.V. during the first quarter valued at about $14,611,000. Finally, Marlowe Partners LP bought a new position in Playa Hotels & Resorts N.V. during the first quarter valued at about $25,198,000. 82.77% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Playa Hotels & Resorts N.V. (PLYA) opened at 10.41 on Wednesday. Playa Hotels & Resorts N.V. has a one year low of $9.45 and a one year high of $12.27. The firm has a 50-day moving average of $11.32 and a 200 day moving average of $10.80. The company’s market cap is $1.15 billion.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last released its quarterly earnings results on Friday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The company had revenue of $140.60 million during the quarter, compared to analyst estimates of $137.76 million. Equities research analysts anticipate that Playa Hotels & Resorts N.V. will post $0.14 EPS for the current year.

Several equities analysts have commented on PLYA shares. Zacks Investment Research raised Playa Hotels & Resorts N.V. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, July 21st. Janney Montgomery Scott assumed coverage on Playa Hotels & Resorts N.V. in a report on Thursday, September 7th. They set a “buy” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.54.

About Playa Hotels & Resorts N.V.

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 N.V. (NASDAQ:PLYA)

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