Playa Hotels & Resorts (NASDAQ:PLYA) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Wednesday, TheStreetRatingsTable reports.
PLYA has been the subject of several other reports. BidaskClub cut Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Deutsche Bank reiterated a “buy” rating and issued a $14.00 price target on shares of Playa Hotels & Resorts in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.00.
Shares of NASDAQ PLYA traded up $0.01 during mid-day trading on Wednesday, hitting $8.76. The company had a trading volume of 6,365 shares, compared to its average volume of 464,413. The stock has a market cap of $1.14 billion, a PE ratio of 27.38 and a beta of 0.62. Playa Hotels & Resorts has a 1 year low of $5.98 and a 1 year high of $11.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.18. The company had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $182.60 million. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. On average, sell-side analysts predict that Playa Hotels & Resorts will post 0.21 EPS for the current year.
In related news, insider Brandon B. Buhler sold 7,475 shares of Playa Hotels & Resorts stock in a transaction 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 Securities & Exchange Commission, which is available at this link. 3.67% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of PLYA. Northwood Liquid Management LP bought a new stake in Playa Hotels & Resorts during the fourth quarter valued at $11,182,000. Long Pond Capital LP bought a new stake in Playa Hotels & Resorts during the first quarter worth about $10,725,000. BlackRock Inc. lifted its stake in Playa Hotels & Resorts by 233.9% during the third quarter. BlackRock Inc. now owns 1,121,235 shares of the company’s stock worth $10,798,000 after purchasing an additional 785,471 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Playa Hotels & Resorts by 26.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock worth $10,900,000 after purchasing an additional 314,103 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in Playa Hotels & Resorts during the first quarter worth about $1,551,000. 68.33% of the stock is owned by institutional investors.
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.
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