Shares of Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 22,729,671 shares changed hands during trading, an increase of 1,384% from the previous session's volume of 1,531,392 shares.The stock last traded at $13.32 and had previously closed at $13.33.
Analyst Ratings Changes
A number of analysts have issued reports on PLYA shares. Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Macquarie downgraded Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Truist Financial restated a "hold" rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.10.
View Our Latest Report on Playa Hotels & Resorts
Playa Hotels & Resorts Trading Up 0.0 %
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 stock has a 50-day simple moving average of $13.07 and a two-hundred day simple moving average of $10.80. The firm has a market capitalization of $1.64 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44.
Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The company had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. On average, equities research analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.
Hedge Funds Weigh In On Playa Hotels & Resorts
A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in Playa Hotels & Resorts by 207.8% during the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company's stock valued at $649,000 after acquiring an additional 56,506 shares in the last quarter. Nkcfo LLC purchased a new position in Playa Hotels & Resorts in the fourth quarter valued at about $696,000. Barclays PLC raised its holdings in Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company's stock worth $165,000 after purchasing an additional 19,298 shares in the last quarter. FMR LLC grew its position in shares of Playa Hotels & Resorts by 59.5% in 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 last quarter. Finally, New South Capital Management Inc. bought a new position in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $11,374,000. Institutional investors own 74.58% of the company's stock.
Playa Hotels & Resorts Company Profile
(
Get Free Report)
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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