Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 1-Year High - Time to Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $13.38 and last traded at $13.35, with a volume of 1978014 shares trading hands. The stock had previously closed at $13.37.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial reaffirmed a "hold" rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Finally, Macquarie cut shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.10.

Playa Hotels & Resorts Trading Down 0.2 %

The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The company's fifty day moving average is $12.37 and its 200-day moving average is $9.84. The stock has a market cap of $1.62 billion, a PE ratio of 27.73, a PEG ratio of 2.44 and a beta of 1.54.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PLYA. Voss Capital LP raised its holdings in shares of Playa Hotels & Resorts by 54.5% during the fourth quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock worth $83,197,000 after purchasing an additional 2,320,641 shares during the last quarter. Long Pond Capital LP raised its holdings in shares of Playa Hotels & Resorts by 16.2% during the fourth quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock worth $100,459,000 after purchasing an additional 1,107,983 shares during the last quarter. New South Capital Management Inc. purchased a new position in shares of Playa Hotels & Resorts during the fourth quarter worth $11,374,000. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Playa Hotels & Resorts during the third quarter worth $6,032,000. Finally, Woodline Partners LP purchased a new position in shares of Playa Hotels & Resorts during the fourth quarter worth $5,507,000. Hedge funds and other institutional investors own 74.58% of the company's stock.

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.