Playa Hotels & Resorts (NASDAQ:PLYA) Earns “Buy” Rating from Truist Financial

Playa Hotels & Resorts (NASDAQ:PLYA)‘s stock had its “buy” rating reiterated by equities research analysts at Truist Financial in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $13.00 price objective on the stock. Truist Financial’s price target would suggest a potential upside of 5.61% from the stock’s current price.

Separately, Oppenheimer raised their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Playa Hotels & Resorts Price Performance

Playa Hotels & Resorts stock traded down $0.04 during midday trading on Tuesday, reaching $12.31. The company’s stock had a trading volume of 869,264 shares, compared to its average volume of 797,042. The stock has a market cap of $1.50 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $12.70. The business has a 50-day moving average price of $9.48 and a 200-day moving average price of $8.52.

Hedge Funds Weigh In On Playa Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. SkyView Investment Advisors LLC raised its position in shares of Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after acquiring an additional 1,664 shares in the last quarter. Aristides Capital LLC grew its stake in shares of Playa Hotels & Resorts by 6.0% in the 2nd quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock valued at $260,000 after buying an additional 1,739 shares during the period. AQR Capital Management LLC raised its stake in Playa Hotels & Resorts by 1.4% during the 2nd quarter. AQR Capital Management LLC now owns 144,146 shares of the company’s stock worth $1,209,000 after buying an additional 2,006 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Playa Hotels & Resorts by 15.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company’s stock worth $216,000 after acquiring an additional 3,371 shares in the last quarter. Finally, PDT Partners LLC grew its stake in Playa Hotels & Resorts by 3.1% in the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after acquiring an additional 3,502 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.