Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report released on Tuesday, MarketBeat.com reports. They currently have a $13.50 price objective on the stock, down from their prior price objective of $15.00. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 1.66% from the company’s previous close.

Several other equities analysts also recently commented on PLYA. Oppenheimer increased their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Truist Financial reiterated a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Playa Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Down 0.1 %

Shares of NASDAQ PLYA opened at $13.28 on Tuesday. The stock has a 50-day moving average price of $11.92 and a two-hundred day moving average price of $9.60. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.32. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.83 and a beta of 1.54.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several large investors have recently modified their holdings of PLYA. Cinctive Capital Management LP acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at $3,256,000. Arrowstreet Capital Limited Partnership grew its position in shares of Playa Hotels & Resorts by 18.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company’s stock valued at $30,796,000 after buying an additional 387,270 shares during the last quarter. Rock Creek Group LP increased its stake in shares of Playa Hotels & Resorts by 59.0% in the fourth quarter. Rock Creek Group LP now owns 198,691 shares of the company’s stock valued at $2,513,000 after buying an additional 73,691 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Playa Hotels & Resorts during the fourth quarter worth about $226,000. Finally, American Century Companies Inc. lifted its stake in shares of Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company’s stock worth $37,705,000 after acquiring an additional 244,584 shares during the period. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.