Kornitzer Capital Management Inc. KS grew its stake in shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) by 20.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,200 shares of the company’s stock after acquiring an additional 30,400 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.14% of Playa Hotels & Resorts worth $1,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLYA. Poehling Capital Management LLC boosted its position in shares of Playa Hotels & Resorts by 21.2% in the 3rd quarter. Poehling Capital Management LLC now owns 192,685 shares of the company’s stock valued at $1,856,000 after purchasing an additional 33,660 shares during the period. Dimensional Fund Advisors LP boosted its position 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 valued at $11,575,000 after purchasing an additional 73,061 shares during the period. BlackRock Inc. boosted its position 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 valued at $10,798,000 after purchasing an additional 785,471 shares during the period. Crystal Rock Capital Management boosted its position in shares of Playa Hotels & Resorts by 105.5% in the 3rd quarter. Crystal Rock Capital Management now owns 322,204 shares of the company’s stock valued at $3,103,000 after purchasing an additional 165,438 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in shares of Playa Hotels & Resorts by 1.0% in the 3rd quarter. Commonwealth Bank of Australia now owns 2,249,675 shares of the company’s stock valued at $21,661,000 after purchasing an additional 21,873 shares during the period. 68.76% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on PLYA shares. Zacks Investment Research lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. BidaskClub upgraded Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 11th. TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Friday, August 24th. SunTrust Banks began coverage on Playa Hotels & Resorts in a research note on Tuesday, August 28th. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Deutsche Bank set a $15.00 price objective on Playa Hotels & Resorts and gave the stock a “buy” rating in a research note on Saturday, September 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Playa Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $12.20.

Shares of Playa Hotels & Resorts stock opened at $7.17 on Thursday. The stock has a market capitalization of $935.53 million, a P/E ratio of 18.87 and a beta of 0.43. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.63 and a quick ratio of 1.52. Playa Hotels & Resorts NV has a 1 year low of $6.91 and a 1 year high of $11.69.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Wednesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The firm had revenue of $142.81 million during the quarter, compared to the consensus estimate of $133.30 million. Playa Hotels & Resorts had a return on equity of 6.98% and a net margin of 3.64%. On average, research analysts forecast that Playa Hotels & Resorts NV will post 0.34 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Playa Hotels & Resorts NV (PLYA) Shares Bought by Kornitzer Capital Management Inc. KS” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/playa-hotels-resorts-nv-plya-shares-bought-by-kornitzer-capital-management-inc-ks/2664651.html.

Playa Hotels & Resorts Company Profile

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.

Read More: Asset Allocation, Balancing Your Investments

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.