Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded to Hold Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a buy rating to a hold rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. They currently have $13.50 price target on the stock, down from their previous price target of $15.00.

Several other research analysts have also commented on the company. Truist Financial reiterated a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Oppenheimer boosted their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.10.

Playa Hotels & Resorts Stock Up 0.4 %

NASDAQ:PLYA opened at $13.29 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.29. The stock has a 50-day simple moving average of $11.86 and a 200 day simple moving average of $9.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MQS Management LLC bought a new stake in Playa Hotels & Resorts in the third quarter valued at $689,000. Jane Street Group LLC lifted its position in Playa Hotels & Resorts by 207.8% in the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock valued at $649,000 after purchasing an additional 56,506 shares during the last quarter. FMR LLC boosted its stake in Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after purchasing an additional 9,713 shares during the period. Barclays PLC grew its position in Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after purchasing an additional 19,298 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Playa Hotels & Resorts by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock valued at $227,000 after purchasing an additional 3,555 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.