Schwab Charles Investment Management Inc. Invests $1.01 Million in Playa Hotels & Resorts N.V. (PLYA)

Schwab Charles Investment Management Inc. acquired a new stake in Playa Hotels & Resorts N.V. (NASDAQ:PLYA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,700 shares of the company’s stock, valued at approximately $1,013,000. Schwab Charles Investment Management Inc. owned 0.08% of Playa Hotels & Resorts N.V. at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Janus Capital Management LLC bought a new position in Playa Hotels & Resorts N.V. during the first quarter worth about $39,219,000. Morgan Stanley bought a new position in Playa Hotels & Resorts N.V. during the first quarter worth about $14,611,000. Acadian Asset Management LLC bought a new position in Playa Hotels & Resorts N.V. during the second quarter worth about $6,658,000. Goldman Sachs Group Inc. bought a new position in Playa Hotels & Resorts N.V. during the first quarter worth about $2,582,000. Finally, Point72 Asset Management L.P. bought a new position in Playa Hotels & Resorts N.V. during the first quarter worth about $2,100,000. 83.09% of the stock is currently owned by institutional investors.

Shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) opened at 10.19 on Monday. The firm’s market capitalization is $1.12 billion. Playa Hotels & Resorts N.V. has a 52 week low of $9.45 and a 52 week high of $12.27. The firm’s 50-day moving average is $10.62 and its 200-day moving average is $10.88.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The firm had revenue of $140.60 million during the quarter, compared to analysts’ expectations of $137.76 million. Equities analysts anticipate that Playa Hotels & Resorts N.V. will post $0.04 EPS for the current year.

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PLYA has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Playa Hotels & Resorts N.V. from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, July 21st. Janney Montgomery Scott initiated coverage on shares of Playa Hotels & Resorts N.V. in a research report on Thursday, September 7th. They set a “buy” rating and a $14.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Playa Hotels & Resorts N.V. currently has an average rating of “Buy” and a consensus price target of $13.54.

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

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