Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded by Oppenheimer to “Market Perform”

Oppenheimer downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from an outperform rating to a market perform rating in a research report report published on Tuesday morning, Marketbeat reports.

PLYA has been the topic of several other reports. Truist Financial reissued a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $13.50 in a research note on Tuesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Stock Up 0.4 %

NASDAQ PLYA opened at $13.29 on Tuesday. The business has a fifty day moving average price of $11.86 and a 200 day moving average price of $9.57. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The company has a market cap of $1.62 billion, a P/E ratio of 27.69, a P/E/G ratio of 1.83 and a beta of 1.54. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.29.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PLYA. SkyView Investment Advisors LLC increased its position in shares of Playa Hotels & Resorts by 3.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after purchasing an additional 1,664 shares during the last quarter. PDT Partners LLC grew its stake in shares of Playa Hotels & Resorts by 3.1% in the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after buying an additional 3,502 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after purchasing an additional 3,555 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after purchasing an additional 4,342 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in shares of Playa Hotels & Resorts by 1.2% in the third quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock valued at $3,326,000 after purchasing an additional 5,154 shares during the period. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

About Playa Hotels & Resorts

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.