Playa Hotels & Resorts NV (NASDAQ:PLYA) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.89 and last traded at $9.10, with a volume of 22675 shares traded. The stock had previously closed at $9.44.

A number of brokerages recently issued reports on PLYA. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. SunTrust Banks began coverage on Playa Hotels & Resorts in a research report on Tuesday, August 28th. They issued a “buy” rating and a $14.00 price objective on the stock. BidaskClub downgraded Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 6th. Finally, Deutsche Bank set a $15.00 price objective on Playa Hotels & Resorts and gave the stock a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Playa Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $12.96.

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.79 and a quick ratio of 1.68. The stock has a market capitalization of $1.27 billion, a PE ratio of 23.97 and a beta of -0.18.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. The company had revenue of $145.57 million for the quarter, compared to the consensus estimate of $144.83 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. analysts expect that Playa Hotels & Resorts NV will post 0.41 earnings per share for the current fiscal year.

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson acquired 50,000 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $10.35 per share, for a total transaction of $517,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.67% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in Playa Hotels & Resorts by 7.7% in the first quarter. Wells Fargo & Company MN now owns 2,892,619 shares of the company’s stock valued at $29,562,000 after acquiring an additional 206,519 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Playa Hotels & Resorts by 6.3% in the first quarter. Neuberger Berman Group LLC now owns 1,981,222 shares of the company’s stock valued at $20,248,000 after acquiring an additional 117,341 shares during the last quarter. Elk Creek Partners LLC increased its stake in Playa Hotels & Resorts by 15.8% in the first quarter. Elk Creek Partners LLC now owns 1,196,089 shares of the company’s stock valued at $12,224,000 after acquiring an additional 163,446 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Playa Hotels & Resorts by 21.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock valued at $12,192,000 after acquiring an additional 197,520 shares during the last quarter. Finally, Keeley Teton Advisors LLC increased its stake in Playa Hotels & Resorts by 115.9% in the first quarter. Keeley Teton Advisors LLC now owns 1,004,237 shares of the company’s stock valued at $10,263,000 after acquiring an additional 539,112 shares during the last quarter. 71.00% of the stock is currently owned by institutional investors and hedge funds.

About Playa Hotels & Resorts (NASDAQ:PLYA)

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

Further Reading: Intrinsic Value and Stock Selection

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