Playa Hotels & Resorts (NASDAQ:PLYA) Lowered to “Hold” at ValuEngine

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, ValuEngine reports.

Other equities analysts have also issued reports about the company. SunTrust Banks decreased their price target on Playa Hotels & Resorts from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Deutsche Bank decreased their price target on Playa Hotels & Resorts from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Macquarie began coverage on Playa Hotels & Resorts in a research note on Thursday, January 9th. They set an “outperform” rating and a $10.00 price target for the company. BidaskClub lowered Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a research note on Friday, February 7th. Finally, Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.94.

Shares of NASDAQ PLYA opened at $2.33 on Wednesday. The stock has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $7.09. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.74 and a current ratio of 0.83. The firm has a market cap of $272.56 million, a P/E ratio of -77.64 and a beta of 0.73. Playa Hotels & Resorts has a 1 year low of $1.66 and a 1 year high of $8.95.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The firm had revenue of $143.83 million during the quarter, compared to analyst estimates of $132.13 million. Playa Hotels & Resorts had a positive return on equity of 0.93% and a negative net margin of 0.68%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. On average, research analysts predict that Playa Hotels & Resorts will post 0.05 earnings per share for the current fiscal year.

In other news, CAO Brandon B. Buhler sold 6,169 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $7.58, for a total transaction of $46,761.02. Following the completion of the sale, the chief accounting officer now directly owns 81,596 shares of the company’s stock, valued at approximately $618,497.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Alexander Stadlin sold 11,816 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $7.55, for a total value of $89,210.80. Following the sale, the chief operating officer now directly owns 643,795 shares of the company’s stock, valued at $4,860,652.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,847 shares of company stock valued at $362,697. Corporate insiders own 3.67% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLYA. Geode Capital Management LLC lifted its holdings in shares of Playa Hotels & Resorts by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 563,986 shares of the company’s stock valued at $4,737,000 after purchasing an additional 1,466 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Playa Hotels & Resorts by 52.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,297,489 shares of the company’s stock valued at $27,699,000 after purchasing an additional 1,133,561 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Playa Hotels & Resorts by 15.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,383,847 shares of the company’s stock valued at $11,625,000 after purchasing an additional 182,197 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at $231,000. Finally, Credit Suisse AG lifted its holdings in shares of Playa Hotels & Resorts by 6.1% in the fourth quarter. Credit Suisse AG now owns 45,787 shares of the company’s stock valued at $385,000 after purchasing an additional 2,622 shares in the last quarter. 71.29% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Why do companies engage in swaps?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.