Playa Hotels & Resorts (NASDAQ:PLYA) Trading Down 14.5%

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Playa Hotels & Resorts NV (NASDAQ:PLYA)’s stock price traded down 14.5% during mid-day trading on Thursday . The stock traded as low as $3.44 and last traded at $3.12, 54,528 shares were traded during trading. A decline of 94% from the average session volume of 984,894 shares. The stock had previously closed at $3.65.

Several research analysts recently issued reports on the company. SunTrust Banks cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the company from $10.00 to $2.00 in a research report on Wednesday, April 29th. ValuEngine raised Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Deutsche Bank assumed coverage on Playa Hotels & Resorts in a research report on Wednesday, May 13th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Citigroup cut Playa Hotels & Resorts from a “neutral” rating to a “sell” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.63.

The stock has a market capitalization of $489.26 million, a P/E ratio of -6.17 and a beta of 2.12. The company has a 50 day simple moving average of $2.60 and a 200-day simple moving average of $5.07. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.08 and a quick ratio of 0.98.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its earnings results on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $177.23 million for the quarter, compared to analyst estimates of $171.22 million. Playa Hotels & Resorts had a negative return on equity of 4.60% and a negative net margin of 11.31%. The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. As a group, equities analysts forecast that Playa Hotels & Resorts NV will post -0.97 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Soros Capital Management LLC bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at $100,000. Atria Investments LLC bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at $103,000. Envestnet Asset Management Inc. bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at $117,000. IndexIQ Advisors LLC bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at $198,000. Finally, Citigroup Inc. raised its stake in shares of Playa Hotels & Resorts by 22.6% during the 4th quarter. Citigroup Inc. now owns 23,664 shares of the company’s stock valued at $199,000 after purchasing an additional 4,358 shares during the period. Institutional investors own 70.01% of the company’s stock.

Playa Hotels & Resorts Company Profile (NASDAQ:PLYA)

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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