BidaskClub Downgrades Playa Hotels & Resorts (PLYA) to Strong Sell

BidaskClub downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a strong sell rating in a research report released on Friday, July 27th.

PLYA has been the subject of several other reports. Zacks Investment Research lowered shares of Playa Hotels & Resorts from a hold rating to a sell rating in a report on Wednesday, July 18th. Deutsche Bank restated a buy rating on shares of Playa Hotels & Resorts in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $14.19.

Playa Hotels & Resorts traded down $0.03, hitting $10.34, during trading hours on Friday, Marketbeat reports. 136,549 shares of the stock traded hands, compared to its average volume of 219,202. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.57 and a current ratio of 1.79. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 21.16 and a beta of -0.17. Playa Hotels & Resorts has a one year low of $9.41 and a one year high of $11.94.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Monday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. The firm had revenue of $145.57 million during the quarter, compared to analyst estimates of $144.83 million. During the same period last year, the business earned $0.03 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. analysts predict that Playa Hotels & Resorts will post 0.44 earnings per share for the current year.

In other Playa Hotels & Resorts news, COO Alexander Stadlin sold 4,924 shares of Playa Hotels & Resorts stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $10.51, for a total value of $51,751.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ryan Paul Hymel sold 2,922 shares of Playa Hotels & Resorts stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $10.50, for a total transaction of $30,681.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,483 shares of company stock valued at $110,147. 2.74% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in Playa Hotels & Resorts by 7.7% in the 1st quarter. Wells Fargo & Company MN now owns 2,892,619 shares of the company’s stock worth $29,562,000 after purchasing an additional 206,519 shares during the period. Neuberger Berman Group LLC grew its position in Playa Hotels & Resorts by 6.3% in the 1st quarter. Neuberger Berman Group LLC now owns 1,981,222 shares of the company’s stock worth $20,248,000 after purchasing an additional 117,341 shares during the period. Elk Creek Partners LLC grew its position in Playa Hotels & Resorts by 15.8% in the 1st quarter. Elk Creek Partners LLC now owns 1,196,089 shares of the company’s stock worth $12,224,000 after purchasing an additional 163,446 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Playa Hotels & Resorts by 21.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock valued at $12,192,000 after acquiring an additional 197,520 shares during the period. Finally, Keeley Teton Advisors LLC grew its position in shares of Playa Hotels & Resorts by 115.9% during the 1st quarter. Keeley Teton Advisors LLC now owns 1,004,237 shares of the company’s stock valued at $10,263,000 after acquiring an additional 539,112 shares during the period. 68.46% of the stock is owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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