Dimensional Fund Advisors LP boosted its stake in Playa Hotels & Resorts NV (NASDAQ:PLYA) by 26.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,516,084 shares of the company’s stock after acquiring an additional 314,103 shares during the period. Dimensional Fund Advisors LP owned 1.16% of Playa Hotels & Resorts worth $10,900,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Northern Trust Corp increased its position in Playa Hotels & Resorts by 1.2% in the 4th quarter. Northern Trust Corp now owns 135,804 shares of the company’s stock valued at $976,000 after acquiring an additional 1,595 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Playa Hotels & Resorts by 175.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the company’s stock valued at $38,000 after acquiring an additional 3,396 shares during the period. Bank of New York Mellon Corp increased its position in Playa Hotels & Resorts by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,880 shares of the company’s stock valued at $488,000 after acquiring an additional 7,180 shares during the period. Virtu Financial LLC acquired a new position in Playa Hotels & Resorts in the 4th quarter valued at about $75,000. Finally, State of New Jersey Common Pension Fund D increased its position in Playa Hotels & Resorts by 30.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 65,000 shares of the company’s stock valued at $467,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Several brokerages recently issued reports on PLYA. BidaskClub upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday. Deutsche Bank set a $14.00 price target on Playa Hotels & Resorts and gave the company a “buy” rating in a research report on Sunday, December 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Playa Hotels & Resorts presently has an average rating of “Hold” and an average target price of $12.00.

Shares of PLYA stock opened at $8.01 on Friday. Playa Hotels & Resorts NV has a 52-week low of $5.98 and a 52-week high of $11.48. The stock has a market capitalization of $1.05 billion, a P/E ratio of 25.03 and a beta of 0.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.33 and a current ratio of 1.42.

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Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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Institutional Ownership by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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