Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded to Hold Rating by Macquarie

Macquarie downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. 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. Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $13.50 in a research note on Tuesday. Finally, Oppenheimer lowered Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.10.

Playa Hotels & Resorts Price Performance

Shares of PLYA opened at $13.28 on Monday. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.32. The firm’s 50-day simple moving average is $11.92 and its two-hundred day simple moving average is $9.60. The stock has a market cap of $1.61 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its stake in Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after buying an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in Playa Hotels & Resorts during the fourth quarter valued at $126,000. Barclays PLC increased its position in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after acquiring an additional 19,298 shares during the last quarter. FMR LLC boosted its position 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 during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at about $226,000. Institutional investors 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.