Playa Hotels & Resorts (NASDAQ:PLYA) Hits New 12-Month High - Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.44 and last traded at $13.43, with a volume of 1665792 shares changing hands. The stock had previously closed at $13.39.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Macquarie cut shares of Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Truist Financial restated a "hold" rating and set 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 dropped their price target for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Finally, Oppenheimer downgraded shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Playa Hotels & Resorts currently has a consensus rating of "Hold" and an average price target of $12.10.

Playa Hotels & Resorts Stock Down 0.1 %

The company has a market capitalization of $1.65 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. 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 firm's fifty day moving average is $13.34 and its 200-day moving average is $11.69.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) 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. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The company had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. As a group, equities research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Hedge Funds Weigh In On Playa Hotels & Resorts

Hedge funds have recently made changes to their positions in the stock. SkyView Investment Advisors LLC lifted its position in shares of Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock worth $447,000 after purchasing an additional 1,664 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Playa Hotels & Resorts by 5,003.1% during the 4th 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 grew its position in shares of 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 worth $119,000 after buying an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in Playa Hotels & Resorts in the fourth quarter valued at $126,000. Finally, Russell Investments Group Ltd. boosted its holdings in Playa Hotels & Resorts by 15.3% in the fourth quarter. Russell Investments Group Ltd. now owns 88,652 shares of the company's stock worth $1,121,000 after acquiring an additional 11,742 shares in the last quarter. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Company Profile

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.