Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have been given an average rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.75.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. Citigroup raised their price target on 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. Deutsche Bank restated a “buy” rating and issued a $8.00 price target on shares of Playa Hotels & Resorts in a research note on Sunday, August 9th. Finally, BidaskClub downgraded Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 23rd.

Hedge funds and other institutional investors have recently modified their holdings of the company. Glassman Wealth Services bought a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth approximately $30,000. UBS Group AG boosted its stake in shares of Playa Hotels & Resorts by 874,200.0% during the 2nd quarter. UBS Group AG now owns 8,743 shares of the company’s stock worth $32,000 after acquiring an additional 8,742 shares during the period. M&T Bank Corp bought a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth approximately $45,000. Jane Street Group LLC bought a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth approximately $46,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Playa Hotels & Resorts by 43.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,361 shares of the company’s stock worth $70,000 after acquiring an additional 5,824 shares during the period. Institutional investors own 71.34% of the company’s stock.

NASDAQ:PLYA opened at $4.10 on Monday. 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 company has a market cap of $551.43 million, a PE ratio of -3.39 and a beta of 2.15. Playa Hotels & Resorts has a 52-week low of $1.30 and a 52-week high of $8.59. The stock has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $3.24.

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, topping the Zacks’ consensus estimate of ($0.47) by $0.01. The business had revenue of $0.98 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 99.4% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. On average, research analysts predict that Playa Hotels & Resorts will post -1.4 earnings per share for the current fiscal year.

About Playa Hotels & Resorts

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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