Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.44 and last traded at $13.43, with a volume of 1665792 shares changing hands. The stock had previously closed at $13.39.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on PLYA shares. Truist Financial reissued a "hold" rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. 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 lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Finally, Macquarie lowered Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $12.10.
Read Our Latest Report on PLYA
Playa Hotels & Resorts Trading Up 0.1 %
The stock has a fifty day simple moving average of $13.34 and a 200 day simple moving average of $11.56. 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 has a market cap of $1.65 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91.
Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The firm had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. On average, research analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Playa Hotels & Resorts
A number of large investors have recently made changes to their positions in PLYA. SkyView Investment Advisors LLC grew its holdings in Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock valued at $447,000 after purchasing an additional 1,664 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after buying an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after acquiring an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of Playa Hotels & Resorts in the fourth quarter worth approximately $126,000. Finally, Russell Investments Group Ltd. raised its stake in Playa Hotels & Resorts by 15.3% in the 4th quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock valued at $1,121,000 after purchasing an additional 11,742 shares during the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.
About Playa Hotels & Resorts
(
Get Free Report)
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.
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