Playa Hotels & Resorts (NASDAQ:PLYA) Stock Rating Lowered by BidaskClub

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other research firms also recently issued reports on PLYA. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. TheStreet downgraded shares of YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.35.

PLYA opened at $7.59 on Tuesday. The business’s 50 day simple moving average is $7.86. The firm has a market cap of $998.98 million, a P/E ratio of 23.72 and a beta of 0.40. Playa Hotels & Resorts has a 1 year low of $5.98 and a 1 year high of $11.01. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.18. The firm had revenue of $195.80 million during the quarter, compared to the consensus estimate of $182.60 million. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, analysts expect that Playa Hotels & Resorts will post 0.19 EPS for the current year.

In other Playa Hotels & Resorts news, insider Brandon B. Buhler sold 4,911 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $8.12, for a total value of $39,877.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brandon B. Buhler sold 7,475 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $8.20, for a total transaction of $61,295.00. The disclosure for this sale can be found here. 3.67% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. First Trust Advisors LP increased its position in shares of Playa Hotels & Resorts by 78.1% during the fourth quarter. First Trust Advisors LP now owns 100,322 shares of the company’s stock valued at $721,000 after acquiring an additional 44,008 shares in the last quarter. BlackRock Inc. increased its position in shares of Playa Hotels & Resorts by 2.9% during the fourth quarter. BlackRock Inc. now owns 1,154,224 shares of the company’s stock valued at $8,299,000 after acquiring an additional 32,989 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Playa Hotels & Resorts by 11.8% during the fourth quarter. Bank of New York Mellon Corp now owns 67,880 shares of the company’s stock valued at $488,000 after acquiring an additional 7,180 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $278,000. Finally, Northern Trust Corp grew its position in Playa Hotels & Resorts by 1.2% in the 4th quarter. Northern Trust Corp now owns 135,804 shares of the company’s stock worth $976,000 after purchasing an additional 1,595 shares during the period. 70.95% of the stock is owned by institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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