Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded by Macquarie to "Hold"

Macquarie lowered shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) from a strong-buy rating to a hold rating in a report published on Monday, February 10th,Zacks.com reports.

PLYA has been the subject of a number of other reports. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Truist Financial restated a "hold" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.10.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock traded down $0.02 during trading hours on Monday, reaching $13.35. 1,978,014 shares of the stock were exchanged, compared to its average volume of 1,161,128. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.38. The stock has a market cap of $1.62 billion, a P/E ratio of 27.81, a P/E/G ratio of 1.83 and a beta of 1.54. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The firm's 50 day moving average is $12.05 and its 200 day moving average is $9.67.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several hedge funds have recently bought and sold shares of the company. Voss Capital LP grew its holdings in Playa Hotels & Resorts by 54.5% in the fourth quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock valued at $83,197,000 after purchasing an additional 2,320,641 shares during the last quarter. Long Pond Capital LP boosted its position in shares of Playa Hotels & Resorts by 16.2% in the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after buying an additional 1,107,983 shares in the last quarter. New South Capital Management Inc. acquired a new stake in Playa Hotels & Resorts in the 4th quarter valued at about $11,374,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Playa Hotels & Resorts during the 3rd quarter valued at about $6,032,000. Finally, Raymond James Financial Inc. acquired a new position in Playa Hotels & Resorts during the fourth quarter worth about $5,308,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm's geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.