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.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/11/15/daniel-j-hirsch-purchases-30000-shares-of-playa-hotels-resorts-n-v-plya-stock.html.
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.
Receive News & Ratings for Playa Hotels & Resorts N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts N.V. and related companies with MarketBeat.com's FREE daily email newsletter.