Deutsche Bank Aktiengesellschaft Lowers Playa Hotels & Resorts (NASDAQ:PLYA) Price Target to $14.00

Playa Hotels & Resorts (NASDAQ:PLYA) had its price target reduced by analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $14.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 59.45% from the company’s current price.

Separately, Truist Financial boosted their target price on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th.

Playa Hotels & Resorts Stock Performance

PLYA traded down $0.14 during trading on Thursday, reaching $8.78. 228,138 shares of the company were exchanged, compared to its average volume of 609,089. The firm has a 50 day moving average of $9.37 and a 200 day moving average of $8.52. Playa Hotels & Resorts has a 52 week low of $6.88 and a 52 week high of $9.85. The stock has a market cap of $1.22 billion, a P/E ratio of 25.82, a PEG ratio of 6.89 and a beta of 1.54. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Monday, May 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $300.64 million for the quarter, compared to analysts’ expectations of $273.77 million. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. Playa Hotels & Resorts’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. On average, sell-side analysts forecast that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

Insider Activity at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total value of $47,900.00. Following the transaction, the director now directly owns 2,529,033 shares in the company, valued at approximately $24,228,136.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Karl Mr. Peterson sold 5,000 shares of Playa Hotels & Resorts stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $9.58, for a total transaction of $47,900.00. Following the sale, the director now directly owns 2,529,033 shares in the company, valued at approximately $24,228,136.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total transaction of $324,671.60. Following the sale, the chief accounting officer now owns 102,598 shares in the company, valued at $927,485.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,915 shares of company stock worth $604,222. 7.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in PLYA. Campbell & CO Investment Adviser LLC bought a new stake in shares of Playa Hotels & Resorts during the third quarter worth approximately $76,000. Inceptionr LLC bought a new position in Playa Hotels & Resorts during the 4th quarter worth approximately $93,000. CenterBook Partners LP acquired a new position in shares of Playa Hotels & Resorts in the 3rd quarter valued at $98,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Playa Hotels & Resorts during the first quarter worth about $134,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Playa Hotels & Resorts by 16.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock worth $158,000 after buying an additional 2,634 shares during the period. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.