Playa Hotels & Resorts (NASDAQ:PLYA) Sees Large Volume Increase - Here's What Happened

Shares of Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,698,706 shares traded hands during 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.

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Stock Performance

The business's fifty day moving average price is $13.34 and its 200-day moving average price is $11.71. The stock has a market cap of $1.65 billion, a PE ratio of 27.95, a P/E/G 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 quarterly earnings data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. The company had revenue of $218.94 million during the quarter, compared to analysts' expectations of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. As a group, equities research analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Institutional Trading of Playa Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake 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 purchasing 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% in the fourth 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 purchased a new position in shares of Playa Hotels & Resorts during the 4th quarter valued at about $126,000. Barclays PLC grew its stake in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after acquiring an additional 19,298 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Playa Hotels & Resorts in the 4th quarter worth approximately $226,000. 74.58% of the stock is owned by hedge funds and other 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.

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