Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume – Here’s Why

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) saw unusually-strong trading volume on Tuesday . Approximately 2,306,606 shares were traded during trading, an increase of 80% from the previous session’s volume of 1,282,391 shares.The stock last traded at $13.31 and had previously closed at $13.32.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Oppenheimer downgraded shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Truist Financial reaffirmed a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Finally, Macquarie lowered Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Stock Performance

The business’s fifty day moving average price is $12.83 and its 200-day moving average price is $10.29. The stock has a market capitalization of $1.64 billion, a PE ratio of 27.70, a P/E/G ratio of 2.44 and a beta of 1.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $218.94 million during the quarter, compared to the consensus estimate of $212.26 million. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. As a group, equities research analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Institutional Trading of Playa Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of Playa Hotels & Resorts by 5,003.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company’s stock worth $41,000 after buying an additional 3,202 shares during the period. Steward Partners Investment Advisory LLC lifted its position 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 purchasing an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at $126,000. Barclays PLC grew its holdings in shares of Playa Hotels & Resorts by 993.7% in the third 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, FMR LLC grew its holdings in shares of Playa Hotels & Resorts by 59.5% in the third quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after purchasing an additional 9,713 shares during the last quarter. Institutional investors own 74.58% of the company’s stock.

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.