BidaskClub Upgrades Playa Hotels & Resorts (PLYA) to Sell
BidaskClub upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a strong sell rating to a sell rating in a research note released on Thursday morning.
Several other equities analysts also recently weighed in on the stock. Nomura reissued a buy rating and issued a $16.00 price target on shares of Playa Hotels & Resorts in a research note on Friday, January 19th. Zacks Investment Research raised shares of Playa Hotels & Resorts from a sell rating to a hold rating in a research note on Wednesday, December 13th. Finally, Northland Securities reissued a buy rating and issued a $14.75 price target on shares of Playa Hotels & Resorts in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $13.89.
Playa Hotels & Resorts (PLYA) traded up $0.32 during trading hours on Thursday, hitting $10.36. 1,110,000 shares of the stock traded hands, compared to its average volume of 327,182. The company has a current ratio of 1.59, a quick ratio of 1.51 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $1,142.76 and a P/E ratio of 43.17. Playa Hotels & Resorts has a 12-month low of $9.41 and a 12-month high of $12.27.
A number of institutional investors have recently added to or reduced their stakes in PLYA. Jane Street Group LLC acquired a new stake in Playa Hotels & Resorts during the third quarter worth about $145,000. Goldman Sachs Group Inc. acquired a new stake in Playa Hotels & Resorts during the fourth quarter worth about $155,000. Stevens Capital Management LP acquired a new stake in Playa Hotels & Resorts during the third quarter worth about $159,000. Citadel Advisors LLC acquired a new stake in Playa Hotels & Resorts during the fourth quarter worth about $191,000. Finally, Cubist Systematic Strategies LLC increased its position in Playa Hotels & Resorts by 170.0% during the third quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock worth $197,000 after purchasing an additional 11,870 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.
Playa Hotels & Resorts Company Profile
Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.
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