UBS Oconnor LLC lifted its stake in Playa Hotels & Resorts N.V. (NASDAQ:PLYA) by 447.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 417,060 shares of the company’s stock after purchasing an additional 340,855 shares during the quarter. UBS Oconnor LLC owned about 0.38% of Playa Hotels & Resorts N.V. worth $4,984,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PLYA. Bank of New York Mellon Corp acquired a new stake in shares of Playa Hotels & Resorts N.V. in the first quarter valued at approximately $1,983,000. Neuberger Berman Group LLC acquired a new stake in shares of Playa Hotels & Resorts N.V. in the first quarter valued at approximately $8,634,000. Gruss Capital Management LP acquired a new stake in shares of Playa Hotels & Resorts N.V. in the first quarter valued at approximately $6,405,000. Morgan Stanley acquired a new stake in shares of Playa Hotels & Resorts N.V. in the first quarter valued at approximately $14,611,000. Finally, Marlowe Partners LP acquired a new stake in shares of Playa Hotels & Resorts N.V. in the first quarter valued at approximately $25,198,000. 82.77% of the stock is owned by hedge funds and other institutional investors.

PLYA has been the subject of several recent research reports. Zacks Investment Research raised Playa Hotels & Resorts N.V. from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, July 21st. Janney Montgomery Scott initiated coverage on Playa Hotels & Resorts N.V. in a report on Thursday, September 7th. They issued a “buy” rating and a $14.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $13.54.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) traded down 0.67% during midday trading on Friday, hitting $10.43. The company had a trading volume of 440,453 shares. The stock’s 50-day moving average price is $11.32 and its 200-day moving average price is $10.80. The stock’s market cap is $1.15 billion. Playa Hotels & Resorts N.V. has a 52-week low of $9.45 and a 52-week high of $12.27.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last posted its earnings results on Friday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $140.60 million during the quarter, compared to analysts’ expectations of $137.76 million. On average, equities research analysts expect that Playa Hotels & Resorts N.V. will post $0.14 EPS for the current fiscal year.

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Playa Hotels & Resorts N.V. 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 N.V. (NASDAQ:PLYA)

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