Playa Hotels & Resorts (PLYA) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a sell rating to a hold rating in a report released on Monday morning, BidAskClub reports.

Separately, Deutsche Bank reiterated a buy rating and set a $14.00 price target on shares of Playa Hotels & Resorts in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $12.00.

Shares of Playa Hotels & Resorts stock opened at $8.75 on Monday. The stock has a market cap of $1.11 billion, a PE ratio of 27.34 and a beta of 0.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.42. Playa Hotels & Resorts has a 52-week low of $5.98 and a 52-week high of $11.48.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.18. The business had revenue of $195.80 million during the quarter, compared to analyst estimates of $182.60 million. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Equities analysts expect that Playa Hotels & Resorts will post 0.13 earnings per share for the current fiscal year.

In other news, insider Brandon B. Buhler sold 7,475 shares of Playa Hotels & Resorts stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $8.20, for a total transaction of $61,295.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.67% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Marlowe Partners LP raised its stake in shares of Playa Hotels & Resorts by 4.4% in the 1st quarter. Marlowe Partners LP now owns 3,088,164 shares of the company’s stock valued at $23,563,000 after acquiring an additional 130,902 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Playa Hotels & Resorts by 4.0% in the 4th quarter. Commonwealth Bank of Australia now owns 2,338,693 shares of the company’s stock valued at $16,813,000 after acquiring an additional 89,018 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its stake in shares of Playa Hotels & Resorts by 3.1% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 2,314,262 shares of the company’s stock valued at $17,658,000 after acquiring an additional 69,760 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Playa Hotels & Resorts by 15.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,744,033 shares of the company’s stock valued at $13,307,000 after acquiring an additional 227,949 shares in the last quarter. Finally, Northwood Liquid Management LP bought a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at approximately $11,182,000. Institutional investors and hedge funds own 68.33% 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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