Highbridge Capital Management LLC reduced its holdings in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) by 14.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 181,598 shares of the company’s stock after selling 31,895 shares during the quarter. Highbridge Capital Management LLC owned approximately 0.16% of Playa Hotels & Resorts worth $1,894,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PLYA. Jane Street Group LLC bought a new stake in Playa Hotels & Resorts during the third quarter worth $145,000. Stevens Capital Management LP bought a new stake in Playa Hotels & Resorts during the third quarter worth $159,000. Bluefin Trading LLC bought a new stake in Playa Hotels & Resorts during the second quarter worth $168,000. Dynamic Technology Lab Private Ltd bought a new stake in Playa Hotels & Resorts during the third quarter worth $206,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Playa Hotels & Resorts during the second quarter worth $255,000. Institutional investors and hedge funds own 77.43% of the company’s stock.

Several analysts have issued reports on PLYA shares. Janney Montgomery Scott started coverage on Playa Hotels & Resorts in a research note on Thursday, September 7th. They issued a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Northland Securities restated a “buy” rating and issued a $14.75 target price on shares of Playa Hotels & Resorts in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $13.54.

Shares of Playa Hotels & Resorts N.V. (NASDAQ PLYA) opened at $10.59 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.51 and a debt-to-equity ratio of 1.44. Playa Hotels & Resorts N.V. has a one year low of $9.81 and a one year high of $12.27.

In other news, Director Daniel J. Hirsch bought 30,000 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $10.52 per share, for a total transaction of $315,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.74% of the company’s stock.

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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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