Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 2,661,243 shares traded hands during mid-day trading, an increase of 91% from the previous session's volume of 1,394,743 shares.The stock last traded at $13.31 and had previously closed at $13.31.
Wall Street Analyst Weigh In
Several brokerages have issued reports on PLYA. Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Truist Financial restated a "hold" rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Finally, Macquarie lowered shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.10.
View Our Latest Stock Report on Playa Hotels & Resorts
Playa Hotels & Resorts Trading Up 0.2 %
The firm's 50 day simple moving average is $12.98 and its 200-day simple moving average is $10.60. The company has a market capitalization of $1.64 billion, a PE ratio of 27.77, a P/E/G ratio of 2.44 and a beta of 1.44. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.
Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $218.94 million during 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%. As a group, equities research analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS for the current year.
Hedge Funds Weigh In On Playa Hotels & Resorts
A number of institutional investors and hedge funds have recently bought and sold shares of PLYA. SkyView Investment Advisors LLC lifted its position in shares of Playa Hotels & Resorts by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock worth $447,000 after purchasing an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after buying an additional 3,202 shares in the last quarter. PDT Partners LLC lifted its holdings in Playa Hotels & Resorts by 3.1% in the 3rd quarter. PDT Partners LLC now owns 115,065 shares of the company's stock worth $892,000 after buying an additional 3,502 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Playa Hotels & Resorts by 13.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company's stock valued at $227,000 after buying an additional 3,555 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after acquiring an additional 4,342 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company's stock.
About Playa Hotels & Resorts
(
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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.
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