Playa Hotels & Resorts (NASDAQ:PLYA) PT Lowered to $14.00

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) had its price objective dropped by investment analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $14.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 58.91% from the company's current price.

Separately, Truist Financial boosted their price target on shares of Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th.

Playa Hotels & Resorts Stock Performance

PLYA traded down $0.11 during trading on Thursday, reaching $8.81. 1,136,315 shares of the company were exchanged, compared to its average volume of 619,327. Playa Hotels & Resorts has a 52 week low of $6.88 and a 52 week high of $9.85. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91. The firm has a 50 day moving average of $9.37 and a 200 day moving average of $8.52. The stock has a market cap of $1.22 billion, a P/E ratio of 25.82, a PEG ratio of 6.89 and a beta of 1.54.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its earnings results on Monday, May 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. Playa Hotels & Resorts had a return on equity of 10.67% and a net margin of 5.51%. The firm had revenue of $300.64 million for the quarter, compared to analysts' expectations of $273.77 million. During the same period last year, the firm earned $0.31 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts forecast that Playa Hotels & Resorts will post 0.39 EPS for the current fiscal year.

Insider Activity

In other news, Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total value of $47,900.00. Following the completion of the sale, the director now owns 2,529,033 shares in the company, valued at $24,228,136.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the completion of the sale, the director now directly owns 2,529,033 shares in the company, valued at $24,228,136.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Brandon B. Buhler sold 35,915 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total value of $324,671.60. Following the sale, the chief accounting officer now owns 102,598 shares of the company's stock, valued at $927,485.92. The disclosure for this sale can be found here. Insiders sold 65,915 shares of company stock worth $604,222 over the last quarter. Corporate insiders own 7.60% of the company's stock.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC grew its position in Playa Hotels & Resorts by 6.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company's stock worth $204,000 after buying an additional 1,369 shares in the last quarter. Raymond James & Associates lifted its stake in Playa Hotels & Resorts by 2.3% during the fourth quarter. Raymond James & Associates now owns 65,821 shares of the company's stock worth $569,000 after purchasing an additional 1,500 shares during the period. SkyView Investment Advisors LLC lifted its stake in Playa Hotels & Resorts by 5.1% during the third quarter. SkyView Investment Advisors LLC now owns 44,739 shares of the company's stock worth $324,000 after purchasing an additional 2,173 shares during the period. Clear Harbor Asset Management LLC lifted its stake in Playa Hotels & Resorts by 8.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 31,900 shares of the company's stock worth $276,000 after purchasing an additional 2,500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Playa Hotels & Resorts by 16.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company's stock worth $158,000 after purchasing an additional 2,634 shares during the period. 74.58% of the stock is owned by institutional investors and hedge funds.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.