In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Playa Hotels & Resorts NV (NASDAQ:PLYA) reported that Farallon Capital has picked up 29,332,027 of common stock as of 2017-06-27.
The acquisition brings the aggregate amount owned by Farallon Capital to a total of 29,332,027 representing a 26.5% stake in the company.
For those not familiar with the company, 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. The Company owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Ziva and Hyatt Zilara Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. It also owns and operates three resorts under Playa’s brands, THE Royal and Gran Resorts, as well as five resorts in Mexico and the Dominican Republic that are managed by a third party. The Company also offers and organizes weddings and other events in their hotels.
A glance at Playa Hotels & Resorts NV (NASDAQ:PLYA)’s key stats reveals a current market capitalization of $1.25 Billion based on $104.46 Million shares outstanding and a price at last close of $11.79 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-09, Stadlin picked up 1,000 at a purchase price of $10.26. This brings their total holding to 278,788 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Playa Hotels & Resorts NV (NASDAQ:PLYA) as things move forward to see if its progress aligns with these transactions.
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