Playa Hotels & Resorts (PLYA) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a hold rating in a research note published on Monday morning.

Separately, Zacks Investment Research cut shares of Playa Hotels & Resorts from a hold rating to a sell rating in a report on Saturday, March 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $14.19.

Playa Hotels & Resorts stock opened at $10.76 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.57 and a current ratio of 1.65. Playa Hotels & Resorts has a 12 month low of $9.41 and a 12 month high of $12.27. The firm has a market cap of $1.45 billion, a PE ratio of 28.32 and a beta of -0.02.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings results on Monday, May 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. Playa Hotels & Resorts had a negative net margin of 1.08% and a positive return on equity of 6.46%. The business had revenue of $176.85 million for the quarter, compared to analysts’ expectations of $172.88 million. During the same period in the previous year, the company posted $0.28 EPS. Playa Hotels & Resorts’s revenue was up 1.6% on a year-over-year basis. equities analysts expect that Playa Hotels & Resorts will post 0.36 earnings per share for the current fiscal year.

In other news, COO Alexander Stadlin sold 4,924 shares of the business’s stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $10.51, for a total transaction of $51,751.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ryan Paul Hymel sold 2,922 shares of the business’s stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $10.50, for a total transaction of $30,681.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,483 shares of company stock worth $110,147. 3.67% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of PLYA. Wells Fargo & Company MN grew its holdings in shares of Playa Hotels & Resorts by 41.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,686,100 shares of the company’s stock valued at $28,983,000 after acquiring an additional 793,159 shares in the last quarter. Armistice Capital LLC lifted its stake in shares of Playa Hotels & Resorts by 36.6% in the 4th quarter. Armistice Capital LLC now owns 2,224,000 shares of the company’s stock valued at $23,997,000 after purchasing an additional 596,000 shares during the last quarter. Keeley Teton Advisors LLC lifted its stake in shares of Playa Hotels & Resorts by 115.9% in the 1st quarter. Keeley Teton Advisors LLC now owns 1,004,237 shares of the company’s stock valued at $10,263,000 after purchasing an additional 539,112 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Playa Hotels & Resorts in the 1st quarter valued at $5,194,000. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Playa Hotels & Resorts by 20.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,170,453 shares of the company’s stock valued at $23,419,000 after purchasing an additional 368,405 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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.


Leave a Reply