Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 12-Month High – Here’s What Happened

Playa Hotels & Resorts (NASDAQ:PLYA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.43 and last traded at $13.42, with a volume of 2038923 shares changing hands. The stock had previously closed at $13.42.

Wall Street Analyst Weigh In

PLYA has been the subject of a number of analyst reports. Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Truist Financial reiterated a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Finally, Macquarie cut shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, Playa Hotels & Resorts currently has an average rating of “Hold” and an average price target of $12.10.

Playa Hotels & Resorts Stock Performance

The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The firm has a fifty day moving average price of $13.32 and a 200-day moving average price of $11.38.

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

Institutional Investors Weigh In On Playa Hotels & Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in Playa Hotels & Resorts by 5,003.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company’s stock worth $41,000 after buying an additional 3,202 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after buying an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new position in shares of Playa Hotels & Resorts in the fourth quarter valued at approximately $126,000. KLP Kapitalforvaltning AS bought a new stake in Playa Hotels & Resorts during the fourth quarter worth $226,000. Finally, Freestone Grove Partners LP purchased a new position in Playa Hotels & Resorts in the fourth quarter worth $263,000. 74.58% of the stock is owned by 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.