Playa Hotels & Resorts' (PLYA) "Buy" Rating Reiterated at Truist Financial

Truist Financial reissued their buy rating on shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in a research note published on Tuesday morning,Benzinga reports. They currently have a $13.00 target price on the stock.

Separately, Oppenheimer lifted their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.00.

Playa Hotels & Resorts Stock Down 0.8 %

Shares of PLYA traded down $0.10 on Tuesday, reaching $12.25. The company's stock had a trading volume of 1,090,112 shares, compared to its average volume of 798,083. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The firm has a fifty day moving average of $9.56 and a 200-day moving average of $8.55. The stock has a market capitalization of $1.49 billion, a PE ratio of 25.52, a PEG ratio of 1.52 and a beta of 1.64. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $12.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SkyView Investment Advisors LLC increased its position in Playa Hotels & Resorts by 3.0% during the 3rd 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. Aristides Capital LLC lifted its stake in Playa Hotels & Resorts by 6.0% during the 2nd quarter. Aristides Capital LLC now owns 30,943 shares of the company's stock valued at $260,000 after acquiring an additional 1,739 shares during the period. AQR Capital Management LLC boosted its holdings in Playa Hotels & Resorts by 1.4% in the second quarter. AQR Capital Management LLC now owns 144,146 shares of the company's stock worth $1,209,000 after purchasing an additional 2,006 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Playa Hotels & Resorts by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company's stock worth $216,000 after purchasing an additional 3,371 shares during the last quarter. Finally, PDT Partners LLC grew its position in Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company's stock valued at $892,000 after buying an additional 3,502 shares during the period. Institutional investors own 74.58% of the company's stock.

About Playa Hotels & Resorts

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.