Playa Hotels & Resorts NV (PLYA) Position Raised by Wells Fargo & Company MN
Wells Fargo & Company MN increased its position in shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) by 14.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,755,482 shares of the company’s stock after acquiring an additional 224,131 shares during the quarter. Wells Fargo & Company MN’s holdings in Playa Hotels & Resorts were worth $16,905,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. California Public Employees Retirement System acquired a new position in Playa Hotels & Resorts during the second quarter worth about $111,000. Cubist Systematic Strategies LLC acquired a new position in shares of Playa Hotels & Resorts in the second quarter valued at approximately $164,000. First Trust Advisors LP bought a new stake in Playa Hotels & Resorts in the second quarter valued at approximately $410,000. State of New Jersey Common Pension Fund D bought a new stake in Playa Hotels & Resorts in the third quarter valued at approximately $482,000. Finally, GSA Capital Partners LLP boosted its holdings in Playa Hotels & Resorts by 171.3% in the second quarter. GSA Capital Partners LLP now owns 127,722 shares of the company’s stock valued at $1,379,000 after acquiring an additional 80,651 shares during the last quarter. 68.76% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on PLYA. BidaskClub upgraded Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Deutsche Bank set a $15.00 target price on Playa Hotels & Resorts and gave the company a “buy” rating in a report on Wednesday, October 10th. SunTrust Banks began coverage on Playa Hotels & Resorts in a report on Tuesday, August 28th. They issued a “buy” rating and a $14.00 target price on the stock. Nomura cut Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $14.00 to $11.00 in a report on Tuesday, September 18th. Finally, Citigroup reiterated a “hold” rating and issued a $9.00 target price on shares of Playa Hotels & Resorts in a report on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Playa Hotels & Resorts presently has a consensus rating of “Hold” and an average price target of $12.20.
Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $142.81 million for the quarter, compared to analysts’ expectations of $133.30 million. Playa Hotels & Resorts had a return on equity of 6.98% and a net margin of 3.64%. As a group, sell-side analysts forecast that Playa Hotels & Resorts NV will post 0.34 EPS for the current year.
WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/playa-hotels-resorts-nv-plya-position-raised-by-wells-fargo-company-mn/2662650.html.
About Playa Hotels & Resorts
Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.
Further Reading: How much can an individual set aside as a catch-up contribution?
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).
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.