Analysts Set Playa Hotels & Resorts N.V. (PLYA) PT at $13.45

Shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.45.

A number of analysts recently weighed in on PLYA shares. Zacks Investment Research lowered shares of Playa Hotels & Resorts N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Northland Securities reissued a “buy” rating and issued a $14.75 price objective on shares of Playa Hotels & Resorts N.V. in a research report on Friday. Finally, Janney Montgomery Scott started coverage on shares of Playa Hotels & Resorts N.V. in a research report on Thursday, September 7th. They issued a “buy” rating and a $14.00 price objective on the stock.

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Playa Hotels & Resorts N.V. (NASDAQ PLYA) traded down $0.10 during trading on Thursday, reaching $10.31. 87,200 shares of the company were exchanged, compared to its average volume of 304,271. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.51 and a current ratio of 1.59. Playa Hotels & Resorts N.V. has a 12 month low of $9.81 and a 12 month high of $12.27.

In related news, Director Daniel J. Hirsch bought 30,000 shares of Playa Hotels & Resorts N.V. stock in a transaction dated Friday, November 10th. The shares were acquired at an average cost of $10.52 per share, with a total value of $315,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.74% of the company’s stock.

Several large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased its position in shares of Playa Hotels & Resorts N.V. by 170.0% during the third quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock worth $197,000 after acquiring an additional 11,870 shares during the period. Ameriprise Financial Inc. increased its position in shares of Playa Hotels & Resorts N.V. by 11.7% during the third quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock worth $1,346,000 after acquiring an additional 13,500 shares during the period. Jane Street Group LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the third quarter worth approximately $145,000. Bluefin Trading LLC purchased a new position in shares of Playa Hotels & Resorts N.V. during the second quarter worth approximately $168,000. Finally, Bank of New York Mellon Corp increased its position in shares of Playa Hotels & Resorts N.V. by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 203,435 shares of the company’s stock worth $2,431,000 after acquiring an additional 14,620 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

Analyst Recommendations for Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

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