Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by stock analysts at Nomura from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports. They presently have a $11.00 price objective on the stock, down from their prior price objective of $14.00. Nomura’s price target would suggest a potential upside of 14.82% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Deutsche Bank reaffirmed a “buy” rating on shares of Playa Hotels & Resorts in a report on Tuesday, July 10th. Zacks Investment Research raised Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Tuesday, June 26th. SunTrust Banks began coverage on Playa Hotels & Resorts in a report on Tuesday, August 28th. They set a “buy” rating and a $14.00 price target on the stock. TheStreet raised Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Friday, August 24th. Finally, BidaskClub raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, June 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Playa Hotels & Resorts currently has a consensus rating of “Hold” and an average target price of $13.35.

Shares of PLYA stock opened at $9.58 on Tuesday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 25.21 and a beta of -0.18. Playa Hotels & Resorts has a 1 year low of $9.41 and a 1 year high of $11.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.68 and a current ratio of 1.79.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Monday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $145.57 million for the quarter, compared to analyst estimates of $144.83 million. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. analysts predict that Playa Hotels & Resorts will post 0.41 earnings per share for the current year.

In related news, Director Karl Mr. Peterson purchased 50,000 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were purchased at an average price of $10.35 per share, with a total value of $517,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.67% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in Playa Hotels & Resorts by 7.7% in the first quarter. Wells Fargo & Company MN now owns 2,892,619 shares of the company’s stock valued at $29,562,000 after purchasing an additional 206,519 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Playa Hotels & Resorts by 13.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 165,712 shares of the company’s stock valued at $1,694,000 after purchasing an additional 19,242 shares during the period. Royal Bank of Canada acquired a new stake in Playa Hotels & Resorts in the first quarter valued at about $555,000. Poehling Capital Management LLC lifted its position in Playa Hotels & Resorts by 36.1% in the first quarter. Poehling Capital Management LLC now owns 205,545 shares of the company’s stock valued at $2,101,000 after purchasing an additional 54,530 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Playa Hotels & Resorts in the first quarter valued at about $110,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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