Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 12-Month High – Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $13.45 and last traded at $13.44, with a volume of 1176657 shares changing hands. The stock had previously closed at $13.44.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLYA. Oppenheimer downgraded Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Macquarie reissued a “neutral” rating and issued a $13.50 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

Playa Hotels & Resorts Stock Performance

The company has a market cap of $1.65 billion, a P/E ratio of 27.99, a PEG ratio of 2.44 and a beta of 0.67. The company has a 50 day moving average price of $13.37 and a 200-day moving average price of $12.22. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings results on Monday, May 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $267.29 million during the quarter, compared to the consensus estimate of $262.24 million. During the same period in the previous year, the company posted $0.40 EPS. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities analysts expect that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Playa Hotels & Resorts

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Playa Hotels & Resorts by 5,003.1% in 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. Longfellow Investment Management Co. LLC purchased a new stake in Playa Hotels & Resorts in the 1st quarter worth about $73,000. Steward Partners Investment Advisory LLC lifted its stake in Playa Hotels & Resorts by 86.3% in 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 Playa Hotels & Resorts in the 4th quarter worth about $126,000. Finally, Barclays PLC lifted its stake in Playa Hotels & Resorts by 993.7% in 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. 74.58% of the stock is owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm operates through the following geographical segments: 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.