Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 52-Week High - Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $13.43 and last traded at $13.42, with a volume of 2038923 shares trading hands. The stock had previously closed at $13.42.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLYA. Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research note on Tuesday, February 11th. Macquarie downgraded Playa Hotels & Resorts from a "strong-buy" rating to a "hold" rating in a research report 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. Finally, Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, Playa Hotels & Resorts currently has an average rating of "Hold" and an average target price of $12.10.

Playa Hotels & Resorts Trading Down 0.1 %

The company's fifty day simple moving average is $13.34 and its two-hundred day simple moving average is $11.56. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last announced 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. The firm had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. Research analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Playa Hotels & Resorts

Institutional investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company's stock valued at $202,000 after acquiring an additional 9,713 shares in the last quarter. Jane Street Group LLC raised its position in shares of Playa Hotels & Resorts by 207.8% in the third quarter. Jane Street Group LLC now owns 83,703 shares of the company's stock valued at $649,000 after buying an additional 56,506 shares in the last quarter. Barclays PLC boosted its stake in shares of Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company's stock valued at $165,000 after buying an additional 19,298 shares during the period. SkyView Investment Advisors LLC grew its position in Playa Hotels & Resorts by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company's stock worth $447,000 after buying an additional 1,664 shares in the last quarter. Finally, EMC Capital Management increased its stake in Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company's stock worth $312,000 after acquiring an additional 16,240 shares during the period. Institutional investors and hedge funds own 74.58% of the company's stock.

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.