Playa Hotels & Resorts’ (PLYA) “Outperform” Rating Reaffirmed at Oppenheimer

Playa Hotels & Resorts (NASDAQ:PLYAGet Free Report)‘s stock had its “outperform” rating reiterated by analysts at Oppenheimer in a report issued on Wednesday, Benzinga reports. They currently have a $12.00 target price on the stock. Oppenheimer’s target price suggests a potential upside of 43.37% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th.

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Playa Hotels & Resorts Stock Up 3.8 %

Shares of PLYA traded up $0.31 during midday trading on Wednesday, hitting $8.37. 243,546 shares of the company’s stock traded hands, compared to its average volume of 620,190. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average is $8.49 and its 200-day moving average is $8.77. Playa Hotels & Resorts has a 1 year low of $6.88 and a 1 year high of $9.85. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.60.

Playa Hotels & Resorts (NASDAQ:PLYAGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. The company had revenue of $300.64 million for the quarter, compared to the consensus estimate of $273.77 million. Playa Hotels & Resorts had a return on equity of 12.08% and a net margin of 6.52%. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. As a group, sell-side analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $8.31, for a total value of $498,600.00. Following the transaction, the director now directly owns 2,469,033 shares of the company’s stock, valued at approximately $20,517,664.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.70% of the company’s stock.

Institutional Trading of Playa Hotels & Resorts

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at approximately $95,000. Quadrature Capital Ltd acquired a new stake in Playa Hotels & Resorts in the 1st quarter valued at approximately $98,000. Inceptionr LLC acquired a new stake in Playa Hotels & Resorts in the 4th quarter valued at approximately $93,000. Counterpoint Mutual Funds LLC acquired a new stake in Playa Hotels & Resorts in the 1st quarter valued at approximately $134,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Playa Hotels & Resorts by 16.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock valued at $158,000 after purchasing an additional 2,634 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.

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