Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded to Hold Rating by Macquarie

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by stock analysts at Macquarie from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.00 to $13.50 in a report on Tuesday. Finally, Truist Financial reaffirmed a “hold” rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Playa Hotels & Resorts has an average rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Stock Down 0.1 %

Playa Hotels & Resorts stock opened at $13.28 on Monday. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.32. The firm’s fifty day simple moving average is $11.92 and its 200-day simple moving average is $9.60. The company has a market capitalization of $1.61 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.83 and a beta of 1.54.

Institutional Investors Weigh In On Playa Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of PLYA. SkyView Investment Advisors LLC raised its stake in Playa Hotels & Resorts by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock valued at $447,000 after purchasing an additional 1,664 shares during the last quarter. PDT Partners LLC raised its position in shares of Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after buying an additional 3,502 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after buying an additional 3,555 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in 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 valued at $119,000 after acquiring an additional 4,342 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its position in shares of Playa Hotels & Resorts by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock worth $3,326,000 after acquiring an additional 5,154 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

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.