BidaskClub upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning, BidAskClub reports.
Other analysts have also recently issued reports about the company. Deutsche Bank reiterated a buy rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Sunday, December 15th. Zacks Investment Research upgraded Playa Hotels & Resorts from a sell rating to a hold rating in a research report on Tuesday, October 15th. SunTrust Banks dropped their price target on Playa Hotels & Resorts from $11.00 to $10.00 and set a buy rating for the company in a research report on Friday, November 29th. Macquarie began coverage on Playa Hotels & Resorts in a research report on Thursday, January 9th. They set an outperform rating and a $10.00 price target for the company. Finally, TheStreet cut Playa Hotels & Resorts from a c- rating to a d+ rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Playa Hotels & Resorts has an average rating of Buy and an average price target of $10.44.
Shares of PLYA stock traded down $0.08 during trading hours on Tuesday, hitting $7.49. 144,316 shares of the company’s stock were exchanged, compared to its average volume of 210,324. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.19. The firm has a market cap of $976.60 million, a P/E ratio of 23.41 and a beta of 0.32. The firm has a 50 day moving average of $7.80 and a two-hundred day moving average of $7.71. Playa Hotels & Resorts has a fifty-two week low of $6.35 and a fifty-two week high of $8.95.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.07). The business had revenue of $132.83 million for the quarter, compared to analyst estimates of $130.47 million. Playa Hotels & Resorts had a positive return on equity of 2.07% and a negative net margin of 0.10%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share.
In related news, CAO Brandon B. Buhler sold 6,169 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $618,497.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Alexander Stadlin sold 11,816 shares of the business’s stock in a transaction that occurred 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 owns 643,795 shares of the company’s stock, valued at $4,860,652.25. The disclosure for this sale can be found here. Insiders have sold 47,847 shares of company stock valued at $362,697 over the last quarter. 3.67% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new stake in Playa Hotels & Resorts in the 2nd quarter valued at $33,000. First Manhattan Co. grew its holdings in Playa Hotels & Resorts by 538.9% in the 2nd quarter. First Manhattan Co. now owns 5,750 shares of the company’s stock valued at $44,000 after buying an additional 4,850 shares in the last quarter. Ellington Management Group LLC purchased a new stake in Playa Hotels & Resorts in the 2nd quarter valued at $90,000. JPMorgan Chase & Co. grew its holdings in Playa Hotels & Resorts by 353.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,307 shares of the company’s stock valued at $94,000 after buying an additional 9,595 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in Playa Hotels & Resorts in the 2nd quarter valued at $179,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.
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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