Ursa Fund Management LLC Invests $1.01 Million in Playa Hotels & Resorts N.V. (PLYA)

Ursa Fund Management LLC acquired a new position in Playa Hotels & Resorts N.V. (NASDAQ:PLYA) during the first quarter, Holdings Channel reports. The firm acquired 96,000 shares of the company’s stock, valued at approximately $1,008,000. Playa Hotels & Resorts N.V. makes up approximately 0.9% of Ursa Fund Management LLC’s portfolio, making the stock its 7th largest position. Ursa Fund Management LLC owned approximately 0.09% of Playa Hotels & Resorts N.V. as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. TD Asset Management Inc. acquired a new position in Playa Hotels & Resorts N.V. during the first quarter worth approximately $33,342,000. Jennison Associates LLC acquired a new position in Playa Hotels & Resorts N.V. during the first quarter worth approximately $31,020,000. Marlowe Partners LP acquired a new position in Playa Hotels & Resorts N.V. during the first quarter worth approximately $25,198,000. Waratah Capital Advisors Ltd. acquired a new position in Playa Hotels & Resorts N.V. during the first quarter worth approximately $18,029,000. Finally, Morgan Stanley acquired a new position in Playa Hotels & Resorts N.V. during the first quarter worth approximately $14,611,000. 72.52% of the stock is currently owned by institutional investors.

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

Playa Hotels & Resorts N.V. (PLYA) traded down 1.87% during trading on Friday, reaching $10.51. The company’s stock had a trading volume of 2,362,243 shares. The stock’s market cap is $1.09 billion. Playa Hotels & Resorts N.V. has a 1-year low of $9.45 and a 1-year high of $12.00. The company’s 50 day moving average price is $10.32 and its 200-day moving average price is $10.31.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The firm had revenue of $174.07 million during the quarter, compared to the consensus estimate of $196.72 million. Equities analysts forecast that Playa Hotels & Resorts N.V. will post $0.34 earnings per share for the current fiscal year.

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PLYA has been the topic of a number of recent analyst reports. Nomura initiated coverage on Playa Hotels & Resorts N.V. in a research note on Wednesday, March 22nd. They issued a “buy” rating on the stock. Instinet initiated coverage on Playa Hotels & Resorts N.V. in a research note on Wednesday, March 22nd. They issued a “buy” rating and a $13.00 price objective on the stock. Northland Securities initiated coverage on Playa Hotels & Resorts N.V. in a research note on Thursday, March 16th. They issued an “outperform” rating and a $14.75 price objective on the stock. Citigroup Inc. initiated coverage on Playa Hotels & Resorts N.V. in a research note on Friday, May 5th. They issued a “neutral” rating and a $11.50 price objective on the stock. Finally, Deutsche Bank AG initiated coverage on Playa Hotels & Resorts N.V. in a research note on Monday, April 24th. They issued a “buy” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.31.

In other Playa Hotels & Resorts N.V. news, insider Kevin Froemming purchased 10,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were bought at an average price of $10.40 per share, for a total transaction of $104,000.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at approximately $104,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.74% of the company’s stock.

About Playa Hotels & Resorts N.V.

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.

Want to see what other hedge funds are holding PLYA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Playa Hotels & Resorts N.V. (NASDAQ:PLYA).

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