Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 52-Week High - Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $12.74 and last traded at $12.68, with a volume of 27351 shares trading hands. The stock had previously closed at $12.66.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLYA shares. Truist Financial reiterated a "buy" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, December 24th. Oppenheimer lifted their target price on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Playa Hotels & Resorts Stock Performance

The stock's 50-day moving average is $10.16 and its 200 day moving average is $8.78. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.52 and a beta of 1.56. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Institutional Investors Weigh In On Playa Hotels & Resorts

Institutional investors have recently made changes to their positions in the stock. MQS Management LLC acquired a new stake in shares of Playa Hotels & Resorts in the third quarter valued at about $689,000. Cubist Systematic Strategies LLC lifted its position in shares of Playa Hotels & Resorts by 486.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company's stock valued at $2,220,000 after acquiring an additional 219,501 shares during the period. Maverick Capital Ltd. increased its stake in Playa Hotels & Resorts by 335.0% in the 2nd quarter. Maverick Capital Ltd. now owns 166,536 shares of the company's stock valued at $1,397,000 after purchasing an additional 128,256 shares in the last quarter. Aristides Capital LLC raised its holdings in Playa Hotels & Resorts by 6.0% during the second quarter. Aristides Capital LLC now owns 30,943 shares of the company's stock worth $260,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Playa Hotels & Resorts by 207.8% during the third quarter. Jane Street Group LLC now owns 83,703 shares of the company's stock worth $649,000 after purchasing an additional 56,506 shares in the last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

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.