Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 52-Week High - What's Next?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $13.46 and last traded at $13.46, with a volume of 300866 shares changing hands. The stock had previously closed at $13.46.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Macquarie reissued a "neutral" rating and issued a $13.50 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, May 6th. 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $12.00.

Playa Hotels & Resorts Trading Up 0.2%

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 has a market cap of $1.66 billion, a P/E ratio of 28.08, a P/E/G ratio of 2.44 and a beta of 0.65. The firm has a 50 day simple moving average of $13.41 and a 200 day simple moving average of $12.55.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The firm had revenue of $267.29 million during 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 company's quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. On average, equities research analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLYA. Tower Research Capital LLC TRC increased its holdings in shares of Playa Hotels & Resorts by 5,003.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company's stock worth $41,000 after purchasing an additional 3,202 shares during the period. Longfellow Investment Management Co. LLC purchased a new stake in shares of Playa Hotels & Resorts in the 1st quarter valued at about $73,000. Steward Partners Investment Advisory LLC raised its holdings 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 valued at $119,000 after acquiring an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at about $126,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Playa Hotels & Resorts during the fourth quarter worth about $226,000. 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 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.