TheStreet upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a d+ rating to a c- rating in a research report released on Wednesday morning, TheStreetRatingsTable reports.
Several other equities analysts have also commented on PLYA. BidaskClub lowered Playa Hotels & Resorts from a sell rating to a strong sell rating in a research report on Thursday, February 14th. Deutsche Bank reiterated a buy rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $12.00.
Shares of Playa Hotels & Resorts stock traded up $0.01 during trading on Wednesday, hitting $8.76. 6,115 shares of the stock traded hands, compared to its average volume of 464,413. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $1.14 billion, a PE ratio of 27.38 and a beta of 0.62. Playa Hotels & Resorts has a 52 week low of $5.98 and a 52 week high of $11.48.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.18 by $0.18. The firm had revenue of $195.80 million for the quarter, compared to analyst estimates of $182.60 million. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. As a group, analysts predict that Playa Hotels & Resorts will post 0.21 earnings per share for the current fiscal year.
In related news, insider Brandon B. Buhler sold 7,475 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $8.20, for a total transaction of $61,295.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.67% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Playa Hotels & Resorts by 175.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the company’s stock worth $38,000 after acquiring an additional 3,396 shares during the last quarter. Virtu Financial LLC bought a new position in Playa Hotels & Resorts during the 4th quarter worth approximately $75,000. Squarepoint Ops LLC bought a new position in Playa Hotels & Resorts during the 4th quarter worth approximately $93,000. SEI Investments Co grew its position in Playa Hotels & Resorts by 39.2% during the 1st quarter. SEI Investments Co now owns 16,754 shares of the company’s stock worth $147,000 after acquiring an additional 4,720 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Playa Hotels & Resorts during the 1st quarter worth approximately $132,000. Institutional investors and hedge funds own 68.33% of the company’s stock.
About Playa Hotels & Resorts
Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.
Read More: Cost of Capital
Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.