Playa Hotels & Resorts (NASDAQ:PLYA) Given Hold Rating at Truist Financial

Truist Financial reissued their hold rating on shares of Playa Hotels & Resorts (NASDAQ:PLYA - Free Report) in a research report report published on Tuesday morning, MarketBeat reports. They currently have a $13.00 price objective on the stock.

Separately, Oppenheimer raised their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.00.

Playa Hotels & Resorts Price Performance

Shares of PLYA stock traded down $0.41 during trading hours on Tuesday, reaching $12.14. The stock had a trading volume of 1,495,542 shares, compared to its average volume of 1,073,061. The stock's fifty day simple moving average is $10.31 and its 200 day simple moving average is $8.83. The firm has a market capitalization of $1.48 billion, a PE ratio of 25.29, a PEG ratio of 1.52 and a beta of 1.56. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $12.81. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Institutional Investors Weigh In On Playa Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP increased its holdings in shares of Playa Hotels & Resorts by 141.3% in the 2nd quarter. Quarry LP now owns 8,686 shares of the company's stock worth $73,000 after buying an additional 5,087 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Playa Hotels & Resorts in the second quarter valued at approximately $88,000. Marshall Wace LLP purchased a new stake in Playa Hotels & Resorts during the 2nd quarter valued at $102,000. AdvisorShares Investments LLC bought a new stake in Playa Hotels & Resorts in the 2nd quarter worth $105,000. Finally, Barclays PLC grew its stake in shares of 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 during 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.