Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 52-Week High – Time to Buy?

Playa Hotels & Resorts (NASDAQ:PLYA) shares reached a new 52-week high during trading on Monday . The stock traded as high as $13.50 and last traded at $13.49, with a volume of 369283 shares changing hands. The stock had previously closed at $13.48.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Macquarie reissued a “neutral” rating and set a $13.50 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Finally, Oppenheimer downgraded shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.00.

Playa Hotels & Resorts Trading Up 0.1%

The business’s 50-day moving average price is $13.42 and its 200 day moving average price is $12.68. The company has a market cap of $1.66 billion, a P/E ratio of 28.13, a P/E/G ratio of 2.44 and a beta of 0.65. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, May 5th. The company reported $0.37 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 company had revenue of $267.29 million for the quarter, compared to the consensus estimate of $262.24 million. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was down 11.1% on a year-over-year basis. As a group, analysts expect that Playa Hotels & Resorts will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Playa Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position in 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 purchasing an additional 3,202 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new stake in shares of Playa Hotels & Resorts in the 1st quarter valued at $73,000. Steward Partners Investment Advisory LLC boosted its stake in shares of 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 valued at $119,000 after purchasing an additional 4,342 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter valued at $126,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Playa Hotels & Resorts during the 4th quarter valued at $226,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

About Playa Hotels & Resorts

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.