Playa Hotels & Resorts (NASDAQ:PLYA) Hits New 12-Month High - Time to Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $11.84 and last traded at $11.84, with a volume of 46173 shares changing hands. The stock had previously closed at $9.61.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer raised their price target on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Truist Financial raised their target price on shares of Playa Hotels & Resorts from $10.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Playa Hotels & Resorts Trading Up 28.5 %

The stock has a fifty day moving average of $9.48 and a 200-day moving average of $8.52. The company has a market cap of $1.50 billion, a PE ratio of 25.73, a PEG ratio of 1.52 and a beta of 1.64. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Institutional Trading of Playa Hotels & Resorts

A number of large investors have recently made changes to their positions in PLYA. SkyView Investment Advisors LLC increased its stake in Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock worth $447,000 after buying an additional 1,664 shares during the period. Aristides Capital LLC increased its stake in shares of Playa Hotels & Resorts by 6.0% during the second quarter. Aristides Capital LLC now owns 30,943 shares of the company's stock valued at $260,000 after buying an additional 1,739 shares during the period. AQR Capital Management LLC raised its holdings in shares of Playa Hotels & Resorts by 1.4% in the second quarter. AQR Capital Management LLC now owns 144,146 shares of the company's stock valued at $1,209,000 after acquiring an additional 2,006 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 acquiring an additional 3,371 shares during the period. Finally, PDT Partners LLC grew its holdings in Playa Hotels & Resorts by 3.1% during the 3rd quarter. PDT Partners LLC now owns 115,065 shares of the company's stock worth $892,000 after acquiring an additional 3,502 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

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.