Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 52-Week High - Should You Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $13.40 and last traded at $13.25, with a volume of 4727780 shares changing hands. The stock had previously closed at $13.26.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PLYA shares. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Truist Financial reaffirmed a "hold" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Macquarie cut shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Up 0.3 %

The business's fifty day moving average is $13.30 and its two-hundred day moving average is $11.30. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.44 and a beta of 0.91. 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 data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Equities analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Playa Hotels & Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of PLYA. SkyView Investment Advisors LLC raised its stake 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 worth $447,000 after acquiring an additional 1,664 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Playa Hotels & Resorts by 5,003.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after purchasing an additional 3,202 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position 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 worth $119,000 after purchasing an additional 4,342 shares in the last quarter. FMR LLC lifted its holdings 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 valued at $202,000 after purchasing an additional 9,713 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at about $126,000. 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.