Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume - What's Next?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) saw an uptick in trading volume on Tuesday . 3,315,155 shares traded hands during trading, a decline of 8% from the previous session's volume of 3,602,248 shares.The stock last traded at $13.28 and had previously closed at $13.24.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PLYA shares. Macquarie lowered shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Oppenheimer lowered shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $15.00 to $13.50 in a report on Tuesday. Finally, Truist Financial reissued a "hold" rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.10.

Playa Hotels & Resorts Trading Down 0.1 %

The business's 50 day moving average price is $12.05 and its two-hundred day moving average price is $9.66. 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 company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.83 and a beta of 1.54.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of hedge funds have recently made changes to their positions in PLYA. MQS Management LLC acquired a new stake in shares of Playa Hotels & Resorts in the 3rd quarter valued at approximately $689,000. Oppenheimer & Co. Inc. boosted its position in Playa Hotels & Resorts by 69.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 52,443 shares of the company's stock worth $406,000 after buying an additional 21,562 shares during the period. King Luther Capital Management Corp boosted its position in Playa Hotels & Resorts by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company's stock worth $3,326,000 after buying an additional 5,154 shares during the period. FMR LLC boosted its position in Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company's stock worth $202,000 after buying an additional 9,713 shares during the period. Finally, De Lisle Partners LLP boosted its position in Playa Hotels & Resorts by 14.9% during the 3rd quarter. De Lisle Partners LLP now owns 229,150 shares of the company's stock worth $1,777,000 after buying an additional 29,700 shares during the period. 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.