Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 52-Week High - Should You Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.50 and last traded at $13.49, with a volume of 369283 shares. The stock had previously closed at $13.48.

Analyst Upgrades and Downgrades

Separately, Macquarie reiterated a "neutral" rating and issued a $13.50 price target on shares of Playa Hotels & Resorts in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.00.

Playa Hotels & Resorts Stock Down 0.1%

The company has a market capitalization of $1.66 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 2.44 and a beta of 0.65. 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 50-day simple moving average of $13.43 and a 200 day simple moving average of $12.71.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $267.29 million for the quarter, compared to analysts' expectations of $262.24 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business's quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. On average, research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Institutional Trading of Playa Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in shares of Playa Hotels & Resorts by 5,003.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after acquiring an additional 3,202 shares in the last quarter. Longfellow Investment Management Co. LLC acquired a new position in shares of Playa Hotels & Resorts during the first quarter valued at $73,000. Steward Partners Investment Advisory LLC boosted its stake in Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock valued at $119,000 after purchasing an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new position in Playa Hotels & Resorts in the 4th quarter worth approximately $126,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Playa Hotels & Resorts during the fourth quarter valued at $226,000. 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 operates through the following geographical segments: 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.