Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

PLYA has been the topic of a number of other research reports. Deutsche Bank reiterated a “buy” rating and set a $8.00 price objective on shares of Playa Hotels & Resorts in a research note on Sunday, August 9th. 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. Finally, Citigroup lifted their price objective on shares of Playa Hotels & Resorts from $1.00 to $3.00 and gave the company a “sell” rating in a research note on Thursday, July 2nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Playa Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $5.10.

NASDAQ PLYA opened at $4.04 on Wednesday. Playa Hotels & Resorts has a one year low of $1.30 and a one year high of $8.59. The company’s 50 day moving average price is $4.12 and its 200 day moving average price is $3.24. 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 firm has a market capitalization of $543.36 million, a price-to-earnings ratio of -3.34 and a beta of 2.15.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.01. The company had revenue of $0.98 million for the quarter, compared to analyst estimates of $0.61 million. Playa Hotels & Resorts had a negative net margin of 34.82% and a negative return on equity of 12.73%. The business’s quarterly revenue was down 99.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. Sell-side analysts forecast that Playa Hotels & Resorts will post -1.4 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Glassman Wealth Services acquired a new stake in shares of Playa Hotels & Resorts during the second quarter worth approximately $30,000. UBS Group AG grew its position in shares of Playa Hotels & Resorts by 874,200.0% during the second quarter. UBS Group AG now owns 8,743 shares of the company’s stock worth $32,000 after buying an additional 8,742 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Playa Hotels & Resorts during the second quarter worth approximately $45,000. Jane Street Group LLC acquired a new position in Playa Hotels & Resorts in the second quarter worth $46,000. Finally, Envestnet Asset Management Inc. boosted its holdings in Playa Hotels & Resorts by 43.0% in the second quarter. Envestnet Asset Management Inc. now owns 19,361 shares of the company’s stock worth $70,000 after purchasing an additional 5,824 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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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