Clear Harbor Asset Management LLC Acquires 2,500 Shares of Playa Hotels & Resorts (NASDAQ:PLYA)
Clear Harbor Asset Management LLC lifted its holdings in Playa Hotels & Resorts (NASDAQ:PLYA – Free Report) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 31,900 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Playa Hotels & Resorts […] Clear Harbor Asset Management LLC has purchased an additional 2,500 shares of Playa Hotels & Resorts (NASDAQ:PLYA) for the fourth quarter, increasing its holdings to 31,900 shares. The fund now owns $276,000 in the company. Other institutional investors have also made significant changes to their positions. Royal Bank of Canada increased its holdings in shares of the company by 89.0% in the 2nd quarter. Jefferies Financial Group Inc. purchased a new stake in the 4th quarter worth about $34,000. UBS Group AG increased its position in Playa by 25.1%. Meanwhile, Tower Research Capital LLC TRC raised its position by 9,710.4%.
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Clear Harbor Asset Management LLC lifted its holdings in Playa Hotels & Resorts (NASDAQ:PLYA – Free Report) by 8.5% in the fourth quarter, Holdings Channel reports. The fund owned 31,900 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Playa Hotels & Resorts were worth $276,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Playa Hotels & Resorts by 89.0% in the 2nd quarter. Royal Bank of Canada now owns 3,780 shares of the company’s stock valued at $30,000 after acquiring an additional 1,780 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in Playa Hotels & Resorts in the 4th quarter worth about $34,000. UBS Group AG raised its position in Playa Hotels & Resorts by 25.1% in the 2nd quarter. UBS Group AG now owns 7,376 shares of the company’s stock worth $50,000 after purchasing an additional 1,478 shares during the period. Tower Research Capital LLC TRC raised its position in Playa Hotels & Resorts by 9,710.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,573 shares of the company’s stock worth $54,000 after purchasing an additional 6,506 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Playa Hotels & Resorts in the 3rd quarter worth about $76,000. Institutional investors own 74.58% of the company’s stock.
Playa Hotels & Resorts stock opened at $9.70 on Friday. The company has a 50 day moving average price of $8.99 and a 200-day moving average price of $8.10. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.91 and a current ratio of 2.00. Playa Hotels & Resorts has a fifty-two week low of $6.88 and a fifty-two week high of $9.84. The company has a market capitalization of $1.33 billion, a PE ratio of 28.53, a P/E/G ratio of 7.19 and a beta of 1.53.
In related news, EVP Tracy M. J. Colden sold 11,199 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $8.37, for a total value of $93,735.63. Following the completion of the transaction, the executive vice president now owns 191,858 shares of the company’s stock, valued at $1,605,851.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Karl Mr. Peterson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $8.37, for a total value of $41,850.00. Following the completion of the transaction, the director now owns 2,559,033 shares of the company’s stock, valued at $21,419,106.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tracy M. J. Colden sold 11,199 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $8.37, for a total transaction of $93,735.63. Following the completion of the transaction, the executive vice president now directly owns 191,858 shares of the company’s stock, valued at approximately $1,605,851.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 428,376 shares of company stock valued at $3,537,232. Corporate insiders own 7.60% of the company’s stock.
Separately, Truist Financial increased their price objective on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th.
Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.
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