Playa Hotels & Resorts NV (PLYA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.00.

A number of analysts have weighed in on the stock. TheStreet raised shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Wednesday, May 15th. BidaskClub raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Finally, Deutsche Bank reissued a “buy” rating and set a $14.00 target price on shares of Playa Hotels & Resorts in a research report on Monday, March 4th.

In related news, insider Brandon B. Buhler sold 7,475 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $8.20, for a total value of $61,295.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brandon B. Buhler sold 4,911 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $8.12, for a total value of $39,877.32. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of PLYA. Northwood Liquid Management LP bought a new position in shares of Playa Hotels & Resorts in the 4th quarter worth $11,182,000. Long Pond Capital LP bought a new position in shares of Playa Hotels & Resorts in the 1st quarter worth $10,725,000. BlackRock Inc. lifted its holdings 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 worth $10,798,000 after purchasing an additional 785,471 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Playa Hotels & Resorts by 26.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock worth $10,900,000 after purchasing an additional 314,103 shares in the last quarter. Finally, Royce & Associates LP bought a new position in shares of Playa Hotels & Resorts in the 1st quarter worth $1,551,000. Institutional investors own 70.95% of the company’s stock.

Shares of Playa Hotels & Resorts stock traded down $0.05 on Friday, hitting $8.05. The stock had a trading volume of 212,263 shares, compared to its average volume of 367,873. Playa Hotels & Resorts has a twelve month low of $5.98 and a twelve month high of $11.48. 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 company has a market capitalization of $1.03 billion, a P/E ratio of 25.16 and a beta of 0.50.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data 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 company had revenue of $195.80 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Equities analysts anticipate that Playa Hotels & Resorts will post 0.2 EPS for the current year.

Playa Hotels & Resorts Company Profile

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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