Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume – Should You Buy?

Playa Hotels & Resorts (NASDAQ:PLYA) shares saw an uptick in trading volume on Monday . 2,661,243 shares were traded during mid-day trading, an increase of 91% from the previous session’s volume of 1,394,743 shares.The stock last traded at $13.31 and had previously closed at $13.31.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PLYA. Oppenheimer cut shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Macquarie cut shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Truist Financial reissued a “hold” rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Playa Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Trading Up 0.1 %

The business’s 50-day moving average price is $12.94 and its 200-day moving average price is $10.56. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The firm has a market capitalization of $1.64 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The firm had revenue of $218.94 million for the quarter, compared to analyst estimates of $212.26 million. As a group, analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Playa Hotels & Resorts

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its position in shares of Playa Hotels & Resorts by 207.8% during the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after purchasing an additional 56,506 shares in the last quarter. Nkcfo LLC acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter worth $696,000. FMR LLC raised its stake in shares of Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after buying an additional 9,713 shares during the last quarter. Barclays PLC raised its stake in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after buying an additional 19,298 shares during the last quarter. Finally, New South Capital Management Inc. acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter worth $11,374,000. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

About Playa Hotels & Resorts

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.