Playa Hotels & Resorts (NASDAQ:PLYA) Lowered to "Market Perform" Rating by Oppenheimer

Oppenheimer downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) from an outperform rating to a market perform rating in a research report released on Tuesday morning, MarketBeat reports.

Several other analysts have also recently weighed in on the company. Truist Financial reissued a "hold" rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the stock from $15.00 to $13.50 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.10.

Playa Hotels & Resorts Stock Performance

Shares of PLYA traded down $0.02 during mid-day trading on Tuesday, reaching $13.36. The company's stock had a trading volume of 1,648,907 shares, compared to its average volume of 3,859,290. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.38. The stock has a market cap of $1.62 billion, a P/E ratio of 27.82, a PEG ratio of 1.83 and a beta of 1.54. The business has a 50-day simple moving average of $11.98 and a two-hundred day simple moving average of $9.62. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Hedge Funds Weigh In On Playa Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in Playa Hotels & Resorts by 5,003.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after acquiring an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new position in Playa Hotels & Resorts during the 4th quarter worth $126,000. KLP Kapitalforvaltning AS bought a new position in Playa Hotels & Resorts during the 4th quarter worth $226,000. Finally, Barclays PLC increased its stake in Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after acquiring an additional 19,298 shares during the period. Institutional investors own 74.58% of the company's stock.

Playa Hotels & Resorts Company Profile

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.