Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume - Should You Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,698,706 shares traded hands during mid-day trading, an increase of 38% from the previous session's volume of 1,958,809 shares.The stock last traded at $13.42 and had previously closed at $13.43.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLYA shares. Truist Financial reaffirmed a "hold" rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Oppenheimer lowered shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Finally, Macquarie downgraded Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.10.

Playa Hotels & Resorts Stock Performance

The business has a 50 day moving average of $13.35 and a 200-day moving average of $11.84. 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.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 business had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. On average, sell-side analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Institutional Trading of Playa Hotels & Resorts

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Playa Hotels & Resorts by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 83,357 shares of the company's stock worth $1,111,000 after purchasing an additional 2,336 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 3,202 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company's stock worth $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 in the 4th quarter worth approximately $126,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Playa Hotels & Resorts by 15.3% in the 4th 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 during the last quarter. 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'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.