Mercer Global Advisors Inc. ADV purchased a new stake in shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 25,000 shares of the company’s stock, valued at approximately $191,000.

Several other institutional investors and hedge funds have also modified their holdings of PLYA. BlackRock Inc. lifted its stake in shares of Playa Hotels & Resorts by 233.9% in the 3rd quarter. BlackRock Inc. now owns 1,121,235 shares of the company’s stock worth $10,798,000 after acquiring an additional 785,471 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Playa Hotels & Resorts by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,201,981 shares of the company’s stock worth $11,575,000 after acquiring an additional 73,061 shares during the period. Vanguard Group Inc. lifted its stake in shares of Playa Hotels & Resorts by 19.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,010,987 shares of the company’s stock worth $9,737,000 after acquiring an additional 162,539 shares during the period. Vanguard Group Inc lifted its stake in shares of Playa Hotels & Resorts by 19.2% in the 3rd quarter. Vanguard Group Inc now owns 1,010,987 shares of the company’s stock worth $9,737,000 after acquiring an additional 162,539 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 68.33% of the company’s stock.

Shares of NASDAQ:PLYA opened at $8.72 on Thursday. The company has a market capitalization of $1.11 billion, a PE ratio of 27.25 and a beta of 0.62. Playa Hotels & Resorts NV has a twelve month low of $5.98 and a twelve month high of $11.48. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 1.12.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The company had revenue of $195.80 million during the quarter, compared to analyst estimates of $182.60 million. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. Equities analysts forecast that Playa Hotels & Resorts NV will post 0.13 earnings per share for the current year.

In related news, insider Brandon B. Buhler sold 7,475 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $8.20, for a total value of $61,295.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.67% of the stock is owned by insiders.

A number of brokerages have recently weighed in on PLYA. BidaskClub raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank reaffirmed a “buy” rating and issued a $14.00 price target on shares of Playa Hotels & Resorts in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.00.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/mercer-global-advisors-inc-adv-invests-191000-in-playa-hotels-resorts-nv-plya/3011771.html.

Playa Hotels & Resorts Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

Featured Article: How to interpret the current ratio

Want to see what other hedge funds are holding PLYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Playa Hotels & Resorts NV (NASDAQ:PLYA).

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

Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.