Playa Hotels & Resorts (NASDAQ:PLYA) Raised to “Hold” at Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a hold rating in a report issued on Friday, Zacks.com reports.

According to Zacks, “Playa Hotels & Resorts N.V. is an owner, operator and developer of resorts primarily in Mexico and the Caribbean. The company owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Zilara and Hyatt Ziva Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. Playa Hotels & Resorts N.V. is based in Faifax, United States. “

Several other equities research analysts have also issued reports on the stock. SunTrust Banks set a $11.00 price objective on shares of Playa Hotels & Resorts and gave the stock a buy rating in a research report on Monday, August 12th. TheStreet raised shares of Playa Hotels & Resorts from a d+ rating to a c- rating in a research report on Wednesday, May 15th. BidaskClub lowered shares of Playa Hotels & Resorts from a hold rating to a sell rating in a research report on Tuesday, July 16th. Finally, Deutsche Bank set a $13.00 price objective on shares of Playa Hotels & Resorts and gave the stock a buy rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $10.55.

Shares of PLYA stock opened at $7.65 on Friday. Playa Hotels & Resorts has a one year low of $5.98 and a one year high of $10.83. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.23 and a current ratio of 1.33. The company has a 50 day moving average price of $7.47 and a 200 day moving average price of $7.84. The firm has a market capitalization of $976.12 million, a price-to-earnings ratio of 23.91 and a beta of 0.40.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Playa Hotels & Resorts had a net margin of 3.72% and a return on equity of 4.47%. The firm had revenue of $164.02 million during the quarter, compared to analyst estimates of $160.71 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. Playa Hotels & Resorts’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts forecast that Playa Hotels & Resorts will post 0.12 EPS for the current fiscal year.

In other news, insider Brandon B. Buhler sold 4,911 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $8.12, for a total value of $39,877.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.67% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. HG Vora Capital Management LLC boosted its stake in shares of Playa Hotels & Resorts by 75.0% in the second quarter. HG Vora Capital Management LLC now owns 4,550,000 shares of the company’s stock valued at $35,081,000 after purchasing an additional 1,950,000 shares during the period. Long Pond Capital LP boosted its stake in shares of Playa Hotels & Resorts by 66.8% in the second quarter. Long Pond Capital LP now owns 2,344,296 shares of the company’s stock valued at $18,075,000 after purchasing an additional 938,700 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Playa Hotels & Resorts by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock valued at $10,900,000 after purchasing an additional 314,103 shares during the period. BlackRock Inc. boosted its stake in shares of Playa Hotels & Resorts by 3.3% in the second quarter. BlackRock Inc. now owns 1,259,237 shares of the company’s stock valued at $9,708,000 after purchasing an additional 40,079 shares during the period. Finally, Elk Creek Partners LLC boosted its stake in shares of Playa Hotels & Resorts by 4.4% in the first quarter. Elk Creek Partners LLC now owns 1,257,137 shares of the company’s stock valued at $9,592,000 after purchasing an additional 52,692 shares during the period. 69.52% of the stock is owned by institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

Featured Story: How to identify percentage decliners

Get a free copy of the Zacks research report on Playa Hotels & Resorts (PLYA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Natmin Pure Escrow  Reaches 1-Day Trading Volume of $13.00
Natmin Pure Escrow Reaches 1-Day Trading Volume of $13.00
Pascal Coin Market Cap Reaches $2.91 Million
Pascal Coin Market Cap Reaches $2.91 Million
Ormeus Coin  Achieves Market Cap of $1.77 Million
Ormeus Coin Achieves Market Cap of $1.77 Million
Veritaseum  Trading Up 13.2% Over Last 7 Days
Veritaseum Trading Up 13.2% Over Last 7 Days
Unification  Price Tops $0.0242 on Exchanges
Unification Price Tops $0.0242 on Exchanges
Binance Coin Achieves Market Capitalization of $3.28 Billion
Binance Coin Achieves Market Capitalization of $3.28 Billion


 
© 2006-2019 Zolmax.