Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume – Here’s What Happened

Playa Hotels & Resorts (NASDAQ:PLYA) shares saw unusually-high trading volume on Tuesday . Approximately 2,306,606 shares were traded during mid-day trading, an increase of 80% from the previous session’s volume of 1,282,391 shares.The stock last traded at $13.31 and had previously closed at $13.32.

Analyst Ratings Changes

A number of research firms recently commented on PLYA. Oppenheimer cut Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Macquarie lowered Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Truist Financial restated a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Up 0.0 %

The firm has a 50 day simple moving average of $12.86 and a two-hundred day simple moving average of $10.37. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $1.64 billion, a P/E ratio of 27.78, a PEG ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $218.94 million for the quarter, compared to analysts’ expectations of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. On average, equities research analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Playa Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MQS Management LLC bought a new stake in shares of Playa Hotels & Resorts during the third quarter worth $689,000. Jane Street Group LLC grew its position in Playa Hotels & Resorts by 207.8% during the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after acquiring an additional 56,506 shares during the last quarter. Nkcfo LLC acquired a new position in Playa Hotels & Resorts in the 4th quarter worth about $696,000. FMR LLC increased its holdings in Playa Hotels & Resorts by 59.5% in the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after purchasing an additional 9,713 shares in the last quarter. Finally, Barclays PLC raised its position in Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after purchasing an additional 19,298 shares during the last quarter. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.