Playa Hotels & Resorts (NASDAQ:PLYA) Sees Large Volume Increase – What’s Next?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) saw strong trading volume on Monday . 2,661,243 shares traded hands during mid-day trading, an increase of 91% from the previous session’s volume of 1,394,743 shares.The stock last traded at $13.31 and had previously closed at $13.31.

Wall Street Analysts Forecast Growth

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

Playa Hotels & Resorts Stock Down 0.0 %

The firm has a 50 day moving average of $12.91 and a 200-day moving average of $10.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The stock has a market capitalization of $1.64 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44.

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

Institutional Investors Weigh In On Playa Hotels & Resorts

Hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its stake in shares of Playa Hotels & Resorts by 69.8% in the third quarter. Oppenheimer & Co. Inc. now owns 52,443 shares of the company’s stock valued at $406,000 after acquiring an additional 21,562 shares during the last quarter. King Luther Capital Management Corp raised its position in Playa Hotels & Resorts by 1.2% in the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock valued at $3,326,000 after purchasing an additional 5,154 shares during the last quarter. FMR LLC boosted its stake in Playa Hotels & Resorts by 59.5% in the third 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. De Lisle Partners LLP grew its holdings in shares of Playa Hotels & Resorts by 14.9% during the third quarter. De Lisle Partners LLP now owns 229,150 shares of the company’s stock worth $1,777,000 after purchasing an additional 29,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Playa Hotels & Resorts by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock valued at $227,000 after buying an additional 3,555 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.