Shares of Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.44 and last traded at $13.44, with a volume of 497702 shares trading hands. The stock had previously closed at $13.43.
Wall Street Analyst Weigh In
PLYA has been the topic of several recent research reports. Macquarie reaffirmed a "neutral" rating and issued a $13.50 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Oppenheimer downgraded Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.
View Our Latest Analysis on PLYA
Playa Hotels & Resorts Stock Performance
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's fifty day moving average price is $13.36 and its 200 day moving average price is $12.03. The firm has a market cap of $1.65 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.
Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). The company had revenue of $267.29 million for the quarter, compared to the consensus estimate of $262.24 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. Playa Hotels & Resorts's revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Sell-side analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.
Institutional Investors Weigh In On Playa Hotels & Resorts
Several institutional investors have recently bought and sold shares of PLYA. Nkcfo LLC purchased a new position in Playa Hotels & Resorts during the 4th quarter worth $696,000. Barclays PLC increased its stake in Playa Hotels & Resorts by 383.9% during the 4th quarter. Barclays PLC now owns 102,785 shares of the company's stock valued at $1,300,000 after purchasing an additional 81,545 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth $5,308,000. Arrowstreet Capital Limited Partnership raised its stake in Playa Hotels & Resorts by 18.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company's stock worth $30,796,000 after acquiring an additional 387,270 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Playa Hotels & Resorts by 313.6% during the 4th quarter. Bank of New York Mellon Corp now owns 81,021 shares of the company's stock worth $1,025,000 after acquiring an additional 61,431 shares during the period. 74.58% of the stock is currently owned by institutional investors and hedge funds.
Playa Hotels & Resorts Company Profile
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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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