Playa Hotels & Resorts (NASDAQ:PLYA) Rating Lowered to Market Perform at Oppenheimer

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports.

PLYA has been the topic of a number of other research reports. Truist Financial reaffirmed a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $13.50 in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Trading Up 2.3 %

Shares of PLYA stock opened at $13.24 on Tuesday. The company’s 50-day moving average price is $11.79 and its 200-day moving average price is $9.54. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.83 and a beta of 1.54. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.27.

Institutional Trading of Playa Hotels & Resorts

Large investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its stake in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after buying an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $126,000. Barclays PLC increased its stake in shares of Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after buying an additional 19,298 shares during the period. FMR LLC increased its stake in shares of Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after buying an additional 9,713 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after buying an additional 3,555 shares during the period. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

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.