BidaskClub downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a hold rating to a sell rating in a research report sent to investors on Tuesday, BidAskClub reports.

A number of other equities analysts also recently issued reports on PLYA. TheStreet downgraded YRC Worldwide from a c rating to a d+ rating in a research report on Wednesday, May 15th. Zacks Investment Research raised General Moly from a sell rating to a hold rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $11.35.

Shares of PLYA stock traded down $0.03 during trading hours on Tuesday, reaching $7.40. 4,761 shares of the company’s stock were exchanged, compared to its average volume of 511,012. The business’s 50 day moving average price is $7.85. The stock has a market cap of $961.12 million, a P/E ratio of 23.13 and a beta of 0.40. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.12. Playa Hotels & Resorts has a fifty-two week low of $5.98 and a fifty-two week high of $11.01.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The business had revenue of $195.80 million for the quarter, compared to the consensus estimate of $182.60 million. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts forecast that Playa Hotels & Resorts will post 0.19 EPS for the current fiscal year.

In related news, insider Brandon B. Buhler sold 4,911 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $8.12, for a total value of $39,877.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brandon B. Buhler sold 7,475 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $8.20, for a total value of $61,295.00. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at $93,000. Two Sigma Advisers LP purchased a new stake in Playa Hotels & Resorts in the fourth quarter valued at $145,000. Mercer Global Advisors Inc. ADV purchased a new stake in Playa Hotels & Resorts in the first quarter valued at $191,000. GSA Capital Partners LLP purchased a new stake in Playa Hotels & Resorts in the fourth quarter valued at $278,000. Finally, Bank of America Corp DE boosted its holdings in Playa Hotels & Resorts by 163.8% in the fourth quarter. Bank of America Corp DE now owns 41,822 shares of the company’s stock valued at $300,000 after purchasing an additional 25,970 shares during the last quarter. 70.95% 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, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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