Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 12-Month High - Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $9.87 and last traded at $9.86, with a volume of 1114660 shares trading hands. The stock had previously closed at $9.68.

Analyst Upgrades and Downgrades

PLYA has been the topic of a number of recent analyst reports. Macquarie reiterated an "outperform" rating and set a $14.00 target price on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. Citigroup reissued a "neutral" rating and set a $8.00 target price (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Oppenheimer lowered their price target on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their target price on Playa Hotels & Resorts from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, Truist Financial cut their price target on Playa Hotels & Resorts from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $11.00.

Playa Hotels & Resorts Trading Up 1.8 %

The firm has a 50-day simple moving average of $8.14 and a 200-day simple moving average of $8.27. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 1.93. The stock has a market cap of $1.31 billion, a PE ratio of 20.44, a P/E/G ratio of 1.84 and a beta of 1.60.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Playa Hotels & Resorts had a return on equity of 13.69% and a net margin of 6.84%. The business had revenue of $235.48 million during the quarter, compared to the consensus estimate of $228.95 million. During the same quarter last year, the company earned $0.13 EPS. The firm's revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that Playa Hotels & Resorts will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Playa Hotels & Resorts by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,673,429 shares of the company's stock worth $64,379,000 after acquiring an additional 63,595 shares during the last quarter. Long Pond Capital LP increased its position in shares of Playa Hotels & Resorts by 14.9% in the second quarter. Long Pond Capital LP now owns 3,991,276 shares of the company's stock worth $33,487,000 after purchasing an additional 518,316 shares during the last quarter. American Century Companies Inc. raised its stake in Playa Hotels & Resorts by 12.2% in the second quarter. American Century Companies Inc. now owns 2,425,296 shares of the company's stock valued at $20,348,000 after purchasing an additional 264,275 shares in the last quarter. King Luther Capital Management Corp lifted its position in Playa Hotels & Resorts by 5.9% during the second quarter. King Luther Capital Management Corp now owns 424,046 shares of the company's stock valued at $3,558,000 after purchasing an additional 23,719 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Playa Hotels & Resorts by 486.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company's stock worth $2,220,000 after buying an additional 219,501 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company's stock.

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.

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