Playa Hotels & Resorts N.V. (PLYA) Position Reduced by Highbridge Capital Management LLC
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.
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.
TRADEMARK VIOLATION WARNING: “Playa Hotels & Resorts N.V. (PLYA) Position Reduced by Highbridge Capital Management LLC” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.watchlistnews.com/playa-hotels-resorts-n-v-plya-position-reduced-by-highbridge-capital-management-llc/1765050.html.
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.
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 N.V. (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.