Playa Hotels & Resorts (NASDAQ:PLYA) Hits New 1-Year High – Still a Buy?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.38 and last traded at $13.35, with a volume of 1978014 shares trading hands. The stock had previously closed at $13.37.

Analyst Ratings Changes

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

Playa Hotels & Resorts Trading Down 0.2 %

The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.74, a P/E/G 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. The business has a fifty day moving average price of $12.12 and a 200 day moving average price of $9.71.

Institutional Trading of Playa Hotels & Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Voss Capital LP boosted its position in Playa Hotels & Resorts by 54.5% during the 4th quarter. Voss Capital LP now owns 6,576,824 shares of the company’s stock worth $83,197,000 after purchasing an additional 2,320,641 shares during the period. Long Pond Capital LP boosted its position in Playa Hotels & Resorts by 16.2% during the 4th quarter. Long Pond Capital LP now owns 7,941,444 shares of the company’s stock worth $100,459,000 after purchasing an additional 1,107,983 shares during the period. New South Capital Management Inc. purchased a new stake in Playa Hotels & Resorts during the 4th quarter worth $11,374,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in Playa Hotels & Resorts during the 3rd quarter worth $6,032,000. Finally, Woodline Partners LP purchased a new stake in Playa Hotels & Resorts during the 4th quarter worth $5,507,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

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.