Playa Hotels & Resorts (NASDAQ:PLYA) Given Average Recommendation of “Hold” by Brokerages

Playa Hotels and Resorts (NASDAQ:PLYA) has an average rating of “Hold” by seven research firms currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among the brokers that reported the stock last year is $8.83.

Several brokerages have recently released reports about PLYA. Citigroup raised its price target for Playa Hotels & Resorts shares from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Wednesday, October 6th. Trust Securities raised its price target on shares of Playa Hotels & Resorts from $7.00 to $8.00 and assigned the company a “hold” rating in a report released on Friday, December 3rd. Truist boosted its price target for Playa Hotels & Resorts from $7.00 to $8.00 and gave the stock a “booking” rating in a research note on Friday, December 3rd. Finally, Zacks Investment Research lowered shares of Playa Hotels & Resorts from “buy” rating to “hold” in a research note on Wednesday, October 20th.

In other news, Director Carl Peterson sold 40,000 shares of the company’s stock in a transaction on Wednesday, October 13th. The shares were sold at an average price of $8.51, with a total value of $340,400.00. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this hyperlink. Also, Chief Financial Officer Ryan Paul Hymel sold 7,838 shares of the company’s stock in a transaction on Wednesday, November 3rd. The shares sold for an average price of $8.91, for a total transaction of $69,836.58. The disclosure of this sale can be found here. Over the past 90 days, insiders have bought 544,251 shares of the company’s stock valued at $3,966,538 and sold 8,475,645 shares valued at $68,799,509. 6.91% of the shares are owned by corporate insiders.

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Hedge funds and other institutional investors have recently modified their holdings in the company. Janus Henderson Group PLC acquired a new stake in shares of Playa Hotels & Resorts in the third quarter valued at approximately $97,000. Pinz Capital Management LP bought a new stake in shares of Playa Hotels & Resorts in the second quarter valued at $119,000. Texas Teachers Retirement System purchased a new stake in shares of Playa Hotels & Resorts in the third quarter valued at $155,000. Robertson Stephens Wealth Management LLC bought a new stake in Playa Hotels and Resorts during the second quarter valued at $148,000. Finally, Paloma Partners Management increased its stake in Playa Hotels & Resorts by 86.9% during the second quarter. Paloma Partners Management Co. now owns 20,427 shares of the company’s stock valued at $152,000 after purchasing an additional 9,496 shares during the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.

Nasdaq Stock: PLYA opened at $7.47 on Wednesday. The company’s current ratio is 2.64, the quick ratio is 2.52 and the debt-to-equity ratio is 1.82. Playa Hotel and Resorts recorded a 12-month low of $5.08 and a 12-month high of $9.46. The company has a 50-day moving average of $7.94 and a 200-day moving average of $7.54. The company has a market capitalization of $1.23 billion, a price-earnings ratio of -6.73 and 2.06 beta.

Playa Hotels and Resorts (NASDAQ:PLYA) announced its quarterly earnings results on Wednesday, November 3rd. The company reported ($0.09) earnings per share for the quarter, below the Zacks consensus estimate of ($0.08) by ($0.01). Playa Hotel and Resorts generated a negative net margin of 38.59% and a negative return on equity of 21.49%. The company generated revenue of $151.29 million for the quarter, compared to a consensus estimate of $141.74 million. During the same period in the previous year, the company posted ($0.57) EPS. As a group, equity analysts expect Playa Hotels and Resorts to post -0.49 earnings per share for the current year.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV operates hotels and resorts. It co-owns, operates and develops all-inclusive resorts in beachfront destinations in Mexico and the Caribbean. The company owns and operates Hyatt Zila Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Resorts Panama Jack Playa del Carmen, Hilton Playa del Carmen, All Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall , Hilton Rose Hole Resort & Spa, Jewel Dunes River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Beach Resort & Spa, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cape Cana, Hyatt Ziva Cape Cana Hilton La Romana – All Inclusive Family Resort – Hilton La Romana Resort – All Inclusive for adults.

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Analyst Recommendations for Playa Hotels and Resorts (NASDAQ: PLYA)

This instant news alert was created by narrative science technology and MarketBeat financial data to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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