Playa Hotels & Resorts (NASDAQ:PLYA) Hits New 1-Year High – Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $13.38 and last traded at $13.35, with a volume of 1978014 shares trading hands. The stock had previously closed at $13.37.

Analyst Upgrades and Downgrades

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

Playa Hotels & Resorts Price Performance

The stock has a fifty day simple moving average of $12.12 and a two-hundred day simple moving average of $9.71. The company has a market cap of $1.62 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Institutional Investors Weigh In On Playa Hotels & Resorts

Several institutional investors have recently modified their holdings of PLYA. Tower Research Capital LLC TRC boosted its stake in shares of Playa Hotels & Resorts by 5,003.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company’s stock worth $41,000 after acquiring an additional 3,202 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after acquiring an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $126,000. Barclays PLC boosted its stake in shares of Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after acquiring an additional 19,298 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after acquiring an additional 9,713 shares in the last quarter. Hedge funds and other 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.