Other analysts have also issued reports about the stock. TheStreet lowered shares of Playa Hotels & Resorts from a “c-” rating to a “d+” rating in a research note on Wednesday, November 20th. ValuEngine upgraded shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday. SunTrust Banks cut their target price on shares of Playa Hotels & Resorts from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, November 29th. Zacks Investment Research upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Deutsche Bank set a $13.00 target price on shares of Playa Hotels & Resorts and gave the stock a “buy” rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Playa Hotels & Resorts currently has an average rating of “Buy” and a consensus price target of $10.58.
Shares of NASDAQ PLYA traded up $0.03 during trading on Wednesday, reaching $7.62. The stock had a trading volume of 902 shares, compared to its average volume of 301,227. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.74 and a current ratio of 0.84. The company has a market cap of $988.24 million, a P/E ratio of 23.75 and a beta of 0.30. Playa Hotels & Resorts has a fifty-two week low of $5.98 and a fifty-two week high of $8.95. The business’s 50-day moving average price is $7.77 and its 200-day moving average price is $7.77.
Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.07). Playa Hotels & Resorts had a positive return on equity of 2.07% and a negative net margin of 0.10%. The firm had revenue of $132.83 million for the quarter, compared to analyst estimates of $130.47 million. During the same period in the previous year, the company posted ($0.07) EPS. Playa Hotels & Resorts’s revenue was down 7.0% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLYA. Renaissance Group LLC increased its stake in shares of Playa Hotels & Resorts by 1.6% during the third quarter. Renaissance Group LLC now owns 89,752 shares of the company’s stock worth $703,000 after buying an additional 1,381 shares during the period. Swiss National Bank grew its holdings in Playa Hotels & Resorts by 2.1% during the 2nd quarter. Swiss National Bank now owns 109,300 shares of the company’s stock worth $843,000 after acquiring an additional 2,200 shares in the last quarter. Toronto Dominion Bank acquired a new position in Playa Hotels & Resorts during the 2nd quarter worth approximately $33,000. UBS Asset Management Americas Inc. raised its holdings in shares of Playa Hotels & Resorts by 12.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,599 shares of the company’s stock valued at $213,000 after purchasing an additional 3,088 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Playa Hotels & Resorts by 2.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 202,932 shares of the company’s stock valued at $1,565,000 after purchasing an additional 4,166 shares in the last quarter. 67.79% of the stock is owned by hedge funds and other institutional investors.
About Playa Hotels & Resorts
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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