Playa Hotels & Resorts (PLYA) Raised to Hold at BidaskClub

Playa Hotels & Resorts (NASDAQ:PLYA) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Deutsche Bank set a $15.00 price target on Playa Hotels & Resorts and gave the stock a “buy” rating in a research report on Wednesday, October 10th. Citigroup set a $11.00 price target on Playa Hotels & Resorts and gave the stock a “hold” rating in a research report on Tuesday, September 18th. Nomura downgraded Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $14.00 to $11.00 in a research report on Tuesday, September 18th. Finally, SunTrust Banks assumed coverage on Playa Hotels & Resorts in a research report on Tuesday, August 28th. They issued a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.96.

PLYA stock opened at $9.06 on Friday. Playa Hotels & Resorts has a fifty-two week low of $8.15 and a fifty-two week high of $11.69. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $1.09 billion, a P/E ratio of 23.84 and a beta of -0.11.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Monday, August 6th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $145.57 million during the quarter, compared to analyst estimates of $144.83 million. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. Playa Hotels & Resorts’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. Analysts predict that Playa Hotels & Resorts will post 0.37 earnings per share for the current year.

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson bought 50,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average cost of $10.35 per share, for a total transaction of $517,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.74% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Playa Hotels & Resorts during the second quarter worth $164,000. Millennium Management LLC lifted its position in shares of Playa Hotels & Resorts by 70.3% during the second quarter. Millennium Management LLC now owns 865,544 shares of the company’s stock worth $9,348,000 after purchasing an additional 357,359 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Playa Hotels & Resorts by 12.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 186,076 shares of the company’s stock worth $2,010,000 after purchasing an additional 20,364 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Playa Hotels & Resorts during the third quarter worth $2,191,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Playa Hotels & Resorts during the third quarter worth $482,000. Institutional investors and hedge funds own 69.05% of the company’s stock.

Playa Hotels & Resorts Company Profile

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.

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Analyst Recommendations for Playa Hotels & Resorts (NASDAQ:PLYA)

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