Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, BidAskClub reports.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank reissued a “buy” rating and set a $8.00 price target on shares of Playa Hotels & Resorts in a research report on Sunday, August 9th. Citigroup increased their target price on Playa Hotels & Resorts from $1.00 to $3.00 and gave the stock a “sell” rating in a research note on Thursday, July 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $5.10.
Shares of Playa Hotels & Resorts stock opened at $4.11 on Wednesday. Playa Hotels & Resorts has a 52 week low of $1.30 and a 52 week high of $8.59. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.68 and a current ratio of 2.79. The stock has a market capitalization of $552.77 million, a price-to-earnings ratio of -3.40 and a beta of 2.15. The firm has a fifty day moving average of $4.10 and a two-hundred day moving average of $3.25.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.46) EPS for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.01. The company had revenue of $0.98 million during the quarter, compared to analysts’ expectations of $0.61 million. Playa Hotels & Resorts had a negative return on equity of 12.73% and a negative net margin of 34.82%. Playa Hotels & Resorts’s revenue was down 99.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. As a group, research analysts forecast that Playa Hotels & Resorts will post -1.4 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of PLYA. Charles Schwab Investment Management Inc. boosted its position in Playa Hotels & Resorts by 10.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 237,683 shares of the company’s stock valued at $861,000 after purchasing an additional 22,086 shares during the last quarter. Antara Capital LP bought a new position in shares of Playa Hotels & Resorts in the 2nd quarter valued at about $189,000. Jane Street Group LLC acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth about $46,000. Q Global Advisors LLC bought a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at about $634,000. Finally, Bank of America Corp DE lifted its stake in Playa Hotels & Resorts by 149.6% in the 2nd quarter. Bank of America Corp DE now owns 22,368 shares of the company’s stock valued at $81,000 after purchasing an additional 13,408 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.
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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