Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 1-Year High - What's Next?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $13.38 and last traded at $13.35, with a volume of 3060697 shares trading hands. The stock had previously closed at $13.32.

Analyst Ratings Changes

Several analysts have weighed in on PLYA shares. Truist Financial reaffirmed a "hold" rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered 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 research report on Tuesday, February 11th. Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating 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 note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Playa Hotels & Resorts presently has an average rating of "Hold" and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock's 50-day moving average price is $12.75 and its 200-day moving average price is $10.12. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 2.44 and a beta of 1.54.

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Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The firm had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. Equities research analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Institutional Trading of Playa Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Long Pond Capital LP boosted its stake 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 valued at $100,459,000 after purchasing an additional 1,107,983 shares during the last quarter. Voss Capital LP boosted its stake 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 acquiring an additional 2,320,641 shares during the last quarter. American Century Companies Inc. boosted its stake in Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company's stock valued at $37,705,000 after acquiring an additional 244,584 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Playa Hotels & Resorts by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock worth $30,796,000 after acquiring an additional 387,270 shares during the period. Finally, New South Capital Management Inc. bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at $11,374,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

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.