Playa Hotels & Resorts (NASDAQ:PLYA) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other brokerages also recently commented on PLYA. Deutsche Bank restated a “buy” rating on shares of Playa Hotels & Resorts in a research report on Tuesday, July 10th. Zacks Investment Research upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Tuesday, June 26th. SunTrust Banks assumed 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. TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Friday, August 24th. Finally, Nomura downgraded Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.96.

Shares of Playa Hotels & Resorts stock opened at $9.16 on Friday. Playa Hotels & Resorts has a 52 week low of $8.89 and a 52 week high of $11.69. The stock has a market capitalization of $1.26 billion, a PE ratio of 24.11 and a beta of -0.10. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.16.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Monday, August 6th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $145.57 million for the quarter, compared to the consensus estimate of $144.83 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Playa Hotels & Resorts will post 0.4 EPS for the current fiscal year.

In other news, Director Karl Mr. Peterson bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average cost of $10.35 per share, for a total transaction of $517,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.67% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $12,192,000 after buying an additional 197,520 shares in the last quarter. Northpointe Capital LLC lifted its position in shares of Playa Hotels & Resorts by 55.7% in the second quarter. Northpointe Capital LLC now owns 879,014 shares of the company’s stock worth $9,493,000 after buying an additional 314,556 shares in the last quarter. Millennium Management LLC lifted its position in shares of Playa Hotels & Resorts by 70.3% in the second quarter. Millennium Management LLC now owns 865,544 shares of the company’s stock worth $9,348,000 after buying an additional 357,359 shares in the last quarter. BlackRock Inc. lifted its position in shares of Playa Hotels & Resorts by 10.2% in the second quarter. BlackRock Inc. now owns 335,764 shares of the company’s stock worth $3,627,000 after buying an additional 31,117 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Playa Hotels & Resorts by 53.4% in the second quarter. Renaissance Technologies LLC now owns 324,200 shares of the company’s stock worth $3,501,000 after buying an additional 112,809 shares in the last quarter. Institutional investors own 71.00% of the company’s stock.

Playa Hotels & Resorts Company Profile

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.

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

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