Daniel J. Hirsch Purchases 30,000 Shares of Playa Hotels & Resorts N.V. (PLYA) Stock

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Director Daniel J. Hirsch bought 30,000 shares of Playa Hotels & Resorts N.V. stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $10.52 per share, with a total value of $315,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Playa Hotels & Resorts N.V. (NASDAQ PLYA) opened at $11.01 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.59 and a quick ratio of 1.51. Playa Hotels & Resorts N.V. has a 52 week low of $9.81 and a 52 week high of $12.27.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its holdings in Playa Hotels & Resorts N.V. by 170.0% during 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 period. Ameriprise Financial Inc. grew its holdings in shares of Playa Hotels & Resorts N.V. by 11.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock worth $1,346,000 after acquiring an additional 13,500 shares during the period. Jane Street Group LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the 3rd quarter worth approximately $145,000. Bluefin Trading LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the 2nd quarter worth approximately $168,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Playa Hotels & Resorts N.V. by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 203,435 shares of the company’s stock worth $2,431,000 after acquiring an additional 14,620 shares during the period. 82.91% of the stock is owned by institutional investors.

Several equities analysts recently commented on the company. Northland Securities restated a “buy” rating and set a $14.75 target price on shares of Playa Hotels & Resorts N.V. in a research report on Friday, November 10th. Zacks Investment Research raised Playa Hotels & Resorts N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Janney Montgomery Scott started coverage on Playa Hotels & Resorts N.V. in a research note on Thursday, September 7th. They set a “buy” rating and a $14.00 price target for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $13.54.

Playa Hotels & Resorts N.V. Company 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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