Playa Hotels & Resorts (NASDAQ: PLYA) was rated “Hold” on average by the seven research firms that currently cover the company. MarketBeat.com reported. Four investment analysts have rated the stock with a hold rating and three with a buy rating. The average twelve-month target price for brokers that released a report on the stock last year is $ 8.83.
Several brokerage firms have recently published reports on PLYA. Citigroup raised its target price on the shares of Playa Hotels & Resorts from 8.00 to 9.00 US dollars and rated the company as “neutral” in a report on Wednesday, October 6th. Truist Securities raised its target price on the shares of Playa Hotels & Resorts from $ 7.00 to $ 8.00 and rated the company as a “hold” in a report dated Friday, December 3rd. Truist raised his target price for the share of Playa Hotels & Resorts from 7.00 to 8.00 US dollars and gave the share a “hold” rating in a research note on Friday, December 3rd. Finally, Zacks Investment Research in a research release dated Wednesday October 20th, the shares of Playa Hotels & Resorts were trimmed from a “buy” rating to a “hold” rating.
On other news, director Karl Mr. Peterson sold 40,000 shares in the company in a transaction on Wednesday, October 13th. The shares were sold at an average price of $ 8.51 for a total value of $ 340,400.00. The sale was announced in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Also CFO Ryan Paul Hymel sold 7,838 shares in the company in a transaction on Wednesday, November 3rd. The shares were sold at an average price of $ 8.91 for a total transaction of $ 69,836.58. The disclosure for this sale can be found here. In the past ninety days, insiders have bought 544,251 shares of the company for $ 3,966,538 and sold 8,475,645 shares for $ 68,799,509. 6.91% of the shares are owned by company insiders.
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Hedge funds and other institutional investors recently changed their holdings in the company. Janus Henderson Group PLC acquired a new stake in Playa Hotels & Resorts valued at approximately $ 97,000 in the third quarter. Pinz Capital Management LP bought a new stake in Playa Hotels & Resorts worth $ 119,000 in the second quarter. Texas-based Teacher Retirement System bought a new $ 155,000 stake in Playa Hotels & Resorts in the third quarter. Robertson Stephens Wealth Management LLC bought a new stake in Playa Hotels & Resorts for $ 148,000 in the second quarter. Finally, Paloma Partners Management Co increased its stake in Playa Hotels & Resorts by 86.9% in the second quarter. Paloma Partners Management Co now owns 20,427 shares in the company, valued at $ 152,000, after purchasing an additional 9,496 shares last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock.
Shares in NASDAQ: PLYA opened Wednesday at $ 7.47. The company has a current metric of 2.64, a fast metric of 2.52, and a leverage ratio of 1.82. Playa Hotels & Resorts has a 12-month low of $ 5.08 and a 12-month high of $ 9.46. The company has a 50-day moving average price of $ 7.94 and a 200-day moving average price of $ 7.54. The company has a market capitalization of $ 1.23 billion, a price to earnings ratio of -6.73, and a beta of 2.06.
Playa Hotels & Resorts (NASDAQ: PLYA) last announced its quarterly results on Wednesday, November 3rd. The company reported ($ 0.09) EPS for the quarter, missing Zacks’ consensus estimate of ($ 0.08) by ($ 0.01). Playa Hotels & Resorts had a negative net margin of 38.59% and a negative return on equity of 21.49%. The company had revenue of $ 151.29 million for the quarter, compared to the consensus estimate of $ 141.74 million. For the same period last year, the company achieved ($ 0.57) EPS. As a group, equity analysts predict that Playa Hotels & Resorts will post -0.49 EPS for the current year.
Playa Hotels & Resorts company profile
Playa Hotels & Resorts NV operates hotels and resorts. It is engaged in the ownership, operation and development of all inclusive resorts in beach destinations in Mexico and the Caribbean. The company owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen an All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, and Hyatt Zilara Rose Hall Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Bay Beach & Golf Resort, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana Hilton La Romana is an all-inclusive family resort and Hilton La Romana is an all-inclusive resort for adults.
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