Playa Hotels & Resorts (PLYA) Lowered to “Sell” at Zacks Investment Research

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.

According to Zacks, “Playa Hotels & Resorts N.V. is an owner, operator and developer of resorts primarily in Mexico and the Caribbean. The company owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Zilara and Hyatt Ziva Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. Playa Hotels & Resorts N.V. is based in Faifax, United States. “

Other equities analysts have also recently issued reports about the stock. Deutsche Bank reaffirmed a “buy” rating on shares of Playa Hotels & Resorts in a research note on Tuesday, July 10th. BidaskClub raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.19.

Playa Hotels & Resorts opened at $10.37 on Friday, according to MarketBeat Ratings. The firm has a market cap of $1.33 billion, a P/E ratio of 27.29 and a beta of -0.17. Playa Hotels & Resorts has a fifty-two week low of $9.41 and a fifty-two week high of $11.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.79 and a quick ratio of 1.57.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Monday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The company had revenue of $145.57 million during the quarter, compared to analysts’ expectations of $144.83 million. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. Playa Hotels & Resorts’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share. research analysts predict that Playa Hotels & Resorts will post 0.41 EPS for the current year.

In other Playa Hotels & Resorts news, COO Alexander Stadlin sold 4,924 shares of Playa Hotels & Resorts stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $10.51, for a total value of $51,751.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ryan Paul Hymel sold 2,922 shares of Playa Hotels & Resorts stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $10.50, for a total transaction of $30,681.00. The disclosure for this sale can be found here. Insiders sold a total of 10,483 shares of company stock valued at $110,147 over the last three months. Corporate insiders own 2.74% of the company’s stock.

Several large investors have recently modified their holdings of PLYA. Bank of New York Mellon Corp grew its stake in shares of Playa Hotels & Resorts by 9.7% in the 4th quarter. Bank of New York Mellon Corp now owns 224,243 shares of the company’s stock worth $2,419,000 after buying an additional 19,758 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Playa Hotels & Resorts by 12.7% in the 4th quarter. Geode Capital Management LLC now owns 479,817 shares of the company’s stock worth $5,177,000 after buying an additional 54,198 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Playa Hotels & Resorts by 44.0% in the 4th quarter. Renaissance Technologies LLC now owns 362,928 shares of the company’s stock worth $3,916,000 after acquiring an additional 110,928 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Playa Hotels & Resorts by 16.6% in the 4th quarter. Deutsche Bank AG now owns 172,340 shares of the company’s stock worth $1,859,000 after acquiring an additional 24,522 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter worth about $155,000. 68.46% of the stock is owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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