Glacier Peak Capital LLC acquired a new stake in Playa Hotels & Resorts (NASDAQ:PLYA) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 55,821 shares of the company’s stock, valued at approximately $582,000. Playa Hotels & Resorts comprises about 0.7% of Glacier Peak Capital LLC’s holdings, making the stock its 23rd largest position. Glacier Peak Capital LLC owned approximately 0.05% of Playa Hotels & Resorts as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Playa Hotels & Resorts during the 3rd quarter worth $145,000. Goldman Sachs Group Inc. acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at about $155,000. Stevens Capital Management LP acquired a new position in Playa Hotels & Resorts in the 3rd quarter valued at about $159,000. Citadel Advisors LLC acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at about $191,000. Finally, Cubist Systematic Strategies LLC raised its stake in Playa Hotels & Resorts by 170.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock valued at $197,000 after purchasing an additional 11,870 shares during the last quarter. Hedge funds and other institutional investors own 78.87% of the company’s stock.
In related news, CEO Bruce D. Wardinski bought 25,000 shares of the company’s stock in a transaction on Wednesday, March 14th. The shares were purchased at an average cost of $10.95 per share, with a total value of $273,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen G. Haggerty bought 23,000 shares of the company’s stock in a transaction on Friday, March 9th. The stock was bought at an average cost of $10.84 per share, for a total transaction of $249,320.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 58,000 shares of company stock worth $628,070. Corporate insiders own 2.74% of the company’s stock.
A number of research analysts have recently commented on PLYA shares. BidaskClub raised shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Nomura reiterated a “buy” rating and set a $16.00 target price on shares of Playa Hotels & Resorts in a report on Friday, January 19th. Finally, Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. One 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 company’s stock. Playa Hotels & Resorts currently has an average rating of “Buy” and a consensus target price of $14.04.
Playa Hotels & Resorts stock opened at $11.01 on Friday. The company has a market cap of $1,175.19 and a PE ratio of 28.97. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.50 and a quick ratio of 1.42. Playa Hotels & Resorts has a 52 week low of $9.41 and a 52 week high of $12.27.
Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Thursday, March 1st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.10. The company had revenue of $126.54 million during the quarter, compared to analysts’ expectations of $124.85 million. Playa Hotels & Resorts had a positive return on equity of 5.24% and a negative net margin of 0.04%. analysts forecast that Playa Hotels & Resorts will post 0.21 earnings per share for the current year.
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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.
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