Playa Hotels & Resorts (NASDAQ:PLYA – Free Report) Truist Financial cut its price target from $12.00 to $10.00 in a report released Thursday morning, Benzinga reports. They currently have a buy rating on the stock.
Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on Playa Hotels & Resorts from $16.00 to $14.00 and gave a buy rating on the stock in a research report on Thursday, May 9th. Oppenheimer reiterated an outperform rating and gave a $12.00 price target on Playa Hotels & Resorts in a research report on Wednesday, July 10th. Finally, Macquarie reiterated an outperform rating and gave a $14.00 price target on Playa Hotels & Resorts in a research report on Wednesday.
Check out our latest Playa Hotels & Resorts stock report
Playa Hotels & Resorts shares rise 1.4%
PLYA shares rose $0.10 on Thursday, reaching $7.47. 1,018,531 shares of the company traded hands, compared to its average volume of 620,525. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.23 and a quick ratio of 2.16. The company has a 50-day moving average of $8.30 and a 200-day moving average of $8.75. The company has a market cap of $994.85 million, a price-to-earnings ratio of 16.24, a PEG ratio of 0.60 and a beta of 1.60. Playa Hotels & Resorts has a one year low of $6.88 and a one year high of $9.85.
Playa Hotels & Resorts (NASDAQ:PLYA – Get Free Report) last announced its quarterly earnings results on Monday, August 5. The company reported earnings per share (EPS) of $0.12 for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenues of $235.48 million for the quarter, compared to analyst estimates of $228.95 million. Playa Hotels & Resorts had a return on equity of 11.79% and a net margin of 5.85%. The company’s quarterly revenues declined 5.1% year-over-year. During the same quarter last year, the company generated earnings per share of $0.13. Analysts expect Playa Hotels & Resorts to report earnings per share of $0.56 for the current year.
Insider buying and selling at Playa Hotels & Resorts
In related news, Director Karl Mr. Peterson sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, June 14. The shares were sold at an average price of $8.31, for a total transaction of $498,600.00. Following the completion of the transaction, the director now owns 2,469,033 shares of the company’s stock, valued at $20,517,664.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.70% of the company’s stock.
Institutional inflows and outflows
A number of institutional investors have recently made changes to their positions in the company. Gladius Capital Management LP acquired a new stake in Playa Hotels & Resorts in the 2nd quarter valued at approximately $61,000. Lazard Asset Management LLC acquired a new stake in Playa Hotels & Resorts in the first quarter valued at approximately $95,000. Quadrature Capital Ltd acquired a new stake in Playa Hotels & Resorts in the first quarter valued at approximately $98,000. Inceptionr LLC acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $93,000. Finally, AdvisorShares Investments LLC acquired a new stake in Playa Hotels & Resorts in the 2nd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 74.58% of the company’s stock.
Playa Hotels & Resorts Company Profile
(Get free report)
Playa Hotels & Resorts NV, together with its subsidiaries, owns, develops and operates resorts in prime beach locations in Mexico and the Caribbean. The Company owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Beach Resort & Spa in Jamaica; Hilton La Romana All-Inclusive Family Resort, Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana and Jewel Palm Beach in the Dominican Republic; and manages resorts on behalf of third-party owners.
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