Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 1-Year High – Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA) reached a new 52-week high on Monday . The stock traded as high as $13.40 and last traded at $13.25, with a volume of 4727780 shares traded. The stock had previously closed at $13.26.

Wall Street Analysts Forecast Growth

PLYA has been the topic of several research analyst reports. Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Truist Financial restated a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Macquarie lowered shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to MarketBeat, Playa Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Up 0.2 %

The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The stock’s 50-day moving average price is $13.28 and its two-hundred day moving average price is $11.22. The stock has a market capitalization of $1.64 billion, a PE ratio of 27.79, a P/E/G ratio of 2.44 and a beta of 0.91.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The business had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. As a group, analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of the stock. SkyView Investment Advisors LLC raised its holdings in Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after buying an additional 1,664 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Playa Hotels & Resorts by 5,003.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company’s stock valued at $41,000 after acquiring an additional 3,202 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Playa Hotels & Resorts by 86.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after acquiring an additional 4,342 shares during the last quarter. FMR LLC lifted its position in Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after acquiring an additional 9,713 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new stake in Playa Hotels & Resorts during the 4th quarter valued at $126,000. 74.58% of the stock is currently owned by institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.