BidaskClub upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a hold rating in a report issued on Friday morning.
PLYA has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Playa Hotels & Resorts from a hold rating to a sell rating in a report on Wednesday, July 18th. SunTrust Banks started coverage on shares of Playa Hotels & Resorts in a report on Tuesday, August 28th. They issued a buy rating and a $14.00 price objective on the stock. Deutsche Bank set a $15.00 price objective on shares of Playa Hotels & Resorts and gave the stock a buy rating in a report on Saturday, September 15th. TheStreet raised shares of Playa Hotels & Resorts from a d+ rating to a c- rating in a report on Friday, August 24th. Finally, Nomura downgraded shares of Playa Hotels & Resorts from a buy rating to a neutral rating and dropped their price objective for the stock from $14.00 to $11.00 in a report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $12.96.
Shares of NASDAQ PLYA traded up $0.12 during trading on Friday, reaching $9.16. 163,247 shares of the company traded hands, compared to its average volume of 262,294. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.16. The company has a market cap of $1.26 billion, a PE ratio of 24.11 and a beta of -0.10. Playa Hotels & Resorts has a 52-week low of $8.89 and a 52-week high of $11.69.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Monday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $145.57 million for the quarter, compared to the consensus estimate of $144.83 million. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. As a group, equities research analysts anticipate that Playa Hotels & Resorts will post 0.4 EPS for the current fiscal year.
In other Playa Hotels & Resorts news, Director Karl Mr. Peterson acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $10.35 per share, with a total value of $517,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.67% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Playa Hotels & Resorts by 21.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock worth $12,192,000 after acquiring an additional 197,520 shares during the period. Northpointe Capital LLC raised its stake in Playa Hotels & Resorts by 55.7% during the 2nd quarter. Northpointe Capital LLC now owns 879,014 shares of the company’s stock worth $9,493,000 after acquiring an additional 314,556 shares during the period. Millennium Management LLC raised its stake in Playa Hotels & Resorts by 70.3% during the 2nd quarter. Millennium Management LLC now owns 865,544 shares of the company’s stock worth $9,348,000 after acquiring an additional 357,359 shares during the period. BlackRock Inc. raised its stake in Playa Hotels & Resorts by 10.2% during the 2nd quarter. BlackRock Inc. now owns 335,764 shares of the company’s stock worth $3,627,000 after acquiring an additional 31,117 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Playa Hotels & Resorts by 53.4% during the 2nd quarter. Renaissance Technologies LLC now owns 324,200 shares of the company’s stock worth $3,501,000 after acquiring an additional 112,809 shares during the period. Institutional investors own 71.00% of the company’s stock.
About Playa Hotels & Resorts
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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