Kornitzer Capital Management Inc. KS Invests $1.39 Million in Playa Hotels & Resorts N.V. (PLYA)

Kornitzer Capital Management Inc. KS acquired a new stake in shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 116,000 shares of the company’s stock, valued at approximately $1,386,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TPG Group Holdings SBS Advisors Inc. bought a new position in Playa Hotels & Resorts N.V. during the first quarter valued at $77,070,000. Janus Capital Management LLC bought a new position in Playa Hotels & Resorts N.V. during the first quarter valued at $39,219,000. TD Asset Management Inc. bought a new position in Playa Hotels & Resorts N.V. during the first quarter valued at $33,342,000. Jennison Associates LLC acquired a new stake in shares of Playa Hotels & Resorts N.V. during the first quarter valued at about $31,020,000. Finally, Marlowe Partners LP acquired a new stake in shares of Playa Hotels & Resorts N.V. during the first quarter valued at about $25,198,000. 69.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Playa Hotels & Resorts N.V. (NASDAQ PLYA) opened at 11.90 on Tuesday. The company’s 50-day moving average is $11.65 and its 200 day moving average is $10.70. Playa Hotels & Resorts N.V. has a 12 month low of $9.45 and a 12 month high of $12.27. The company’s market capitalization is $1.23 billion.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last posted its quarterly 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 business had revenue of $140.60 million for the quarter, compared to the consensus estimate of $137.76 million. On average, equities research analysts anticipate that Playa Hotels & Resorts N.V. will post $0.27 earnings per share for the current year.

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Several analysts recently issued reports on PLYA shares. Citigroup Inc. started coverage on shares of Playa Hotels & Resorts N.V. in a research report on Friday, May 5th. They set a “neutral” rating and a $11.50 target price for the company. Zacks Investment Research lowered shares of Playa Hotels & Resorts N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. Deutsche Bank AG started coverage on shares of Playa Hotels & Resorts N.V. in a research report on Monday, April 24th. They set a “buy” rating and a $14.00 target price for the company. Finally, ValuEngine upgraded shares of Playa Hotels & Resorts N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Playa Hotels & Resorts N.V. presently has a consensus rating of “Buy” and a consensus target price of $13.45.

In other Playa Hotels & Resorts N.V. news, insider Kevin Froemming purchased 10,000 shares of Playa Hotels & Resorts N.V. stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $10.40 per share, with a total value of $104,000.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $104,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.74% of the company’s stock.

About Playa Hotels & Resorts N.V.

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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