Playa Hotels & Resorts (NASDAQ:PLYA) issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.18 by $0.18, Briefing.com reports. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The firm had revenue of $195.80 million during the quarter, compared to analyst estimates of $182.60 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Playa Hotels & Resorts’s revenue for the quarter was up 10.7% compared to the same quarter last year.
Shares of NASDAQ:PLYA traded down $0.02 on Friday, reaching $8.11. 10,766 shares of the company’s stock were exchanged, compared to its average volume of 384,935. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62. Playa Hotels & Resorts has a fifty-two week low of $5.98 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52.
PLYA has been the subject of several research reports. BidaskClub upgraded shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. Deutsche Bank restated a “buy” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a research note on Monday, March 4th. Finally, TheStreet upgraded shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Playa Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $12.00.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Playa Hotels & Resorts by 233.9% in the 3rd quarter. BlackRock Inc. now owns 1,121,235 shares of the company’s stock valued at $10,798,000 after purchasing an additional 785,471 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Playa Hotels & Resorts by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,201,981 shares of the company’s stock worth $11,575,000 after purchasing an additional 73,061 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Playa Hotels & Resorts by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,010,987 shares of the company’s stock worth $9,737,000 after purchasing an additional 162,539 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Playa Hotels & Resorts by 19.2% during the 3rd quarter. Vanguard Group Inc now owns 1,010,987 shares of the company’s stock worth $9,737,000 after purchasing an additional 162,539 shares in the last quarter. Finally, Hill Winds Capital LP bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $216,000. 70.95% of the stock is currently owned by institutional investors and hedge funds.
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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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