Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 12-Month High - Should You Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.45 and last traded at $13.45, with a volume of 759570 shares trading hands. The stock had previously closed at $13.45.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Oppenheimer cut Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Finally, Macquarie reissued 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.com, the stock presently has an average rating of "Hold" and an average target price of $12.00.

Playa Hotels & Resorts Trading Up 0.0%

The business has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $12.40. The stock has a market capitalization of $1.66 billion, a P/E ratio of 28.03, a P/E/G ratio of 2.44 and a beta of 0.67. 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 (NASDAQ:PLYA - Get Free Report) last issued its 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 analyst estimates of $262.24 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. Playa Hotels & Resorts's revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. On average, analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLYA. Long Pond Capital LP raised its holdings in shares of Playa Hotels & Resorts by 16.2% in the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company's stock valued at $100,459,000 after acquiring an additional 1,107,983 shares in the last quarter. Voss Capital LP boosted its stake in shares of Playa Hotels & Resorts by 54.5% during the 4th quarter. Voss Capital LP now owns 6,576,824 shares of the company's stock worth $83,197,000 after acquiring an additional 2,320,641 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at $66,249,000. Pentwater Capital Management LP bought a new position in Playa Hotels & Resorts during the first quarter valued at approximately $59,718,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Playa Hotels & Resorts by 21.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,181,214 shares of the company's stock worth $55,736,000 after acquiring an additional 739,832 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

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.

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