Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Playa Hotels & Resorts N.V. is an owner, operator and developer of resorts primarily in Mexico and the Caribbean. The company owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Zilara and Hyatt Ziva Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. Playa Hotels & Resorts N.V. is based in Faifax, United States. “

A number of other brokerages also recently commented on PLYA. TheStreet downgraded shares of YRC Worldwide from a c rating to a d+ rating in a report on Wednesday, May 15th. BidaskClub upgraded shares of Misonix from a buy rating to a strong-buy rating in a report on Wednesday, July 3rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Playa Hotels & Resorts currently has an average rating of Hold and a consensus price target of $11.35.

Shares of Playa Hotels & Resorts stock opened at $7.63 on Thursday. The company has a market capitalization of $995.07 million, a P/E ratio of 19.08 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.42. The business has a 50-day moving average price of $7.93. Playa Hotels & Resorts has a one year low of $5.98 and a one year high of $11.01.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.18. The business had revenue of $195.80 million during the quarter, compared to the consensus estimate of $182.60 million. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. On average, equities research analysts predict that Playa Hotels & Resorts will post 0.19 EPS for the current year.

In other news, insider Brandon B. Buhler sold 4,911 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $8.12, for a total transaction of $39,877.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brandon B. Buhler sold 7,475 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $8.20, for a total transaction of $61,295.00. The disclosure for this sale can be found here. Corporate insiders own 3.67% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northwood Liquid Management LP acquired a new position in shares of Playa Hotels & Resorts during the fourth quarter valued at about $11,182,000. Dimensional Fund Advisors LP increased its holdings in shares of Playa Hotels & Resorts by 26.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock valued at $10,900,000 after acquiring an additional 314,103 shares in the last quarter. Long Pond Capital LP acquired a new position in shares of Playa Hotels & Resorts during the first quarter valued at about $10,725,000. Elk Creek Partners LLC increased its holdings in shares of Playa Hotels & Resorts by 4.4% during the first quarter. Elk Creek Partners LLC now owns 1,257,137 shares of the company’s stock valued at $9,592,000 after acquiring an additional 52,692 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Playa Hotels & Resorts by 2.9% during the fourth quarter. BlackRock Inc. now owns 1,154,224 shares of the company’s stock valued at $8,299,000 after acquiring an additional 32,989 shares in the last quarter. Hedge funds and other institutional investors own 70.88% of the company’s stock.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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