Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 52-Week High – What’s Next?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) hit a new 52-week high during trading on Monday . The company traded as high as $13.27 and last traded at $13.20, with a volume of 14539854 shares trading hands. The stock had previously closed at $12.94.

Wall Street Analyst Weigh In

PLYA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut 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 report on Tuesday. Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Truist Financial reiterated a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Playa Hotels & Resorts presently has a consensus rating of “Hold” and an average price target of $12.10.

Playa Hotels & Resorts Stock Up 0.4 %

The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.83 and a beta of 1.54. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The firm has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $9.57.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. New South Capital Management Inc. acquired a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at about $11,374,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Playa Hotels & Resorts in the third quarter valued at about $6,032,000. Raymond James Financial Inc. acquired a new stake in Playa Hotels & Resorts during the fourth quarter valued at approximately $5,308,000. American Century Companies Inc. lifted its holdings in Playa Hotels & Resorts by 8.9% during the 4th quarter. American Century Companies Inc. now owns 2,980,647 shares of the company’s stock worth $37,705,000 after buying an additional 244,584 shares during the last quarter. Finally, MQS Management LLC acquired a new position in shares of Playa Hotels & Resorts in the 3rd quarter worth approximately $689,000. 74.58% of the stock is currently owned by institutional investors.

About Playa Hotels & Resorts

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.