Playa Hotels & Resorts (NASDAQ:PLYA) Rating Lowered to “Hold” at Deutsche Bank Aktiengesellschaft

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a $13.50 target price on the stock, down from their prior target price of $15.00. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 1.66% from the company’s previous close.

Several other equities analysts also recently commented on PLYA. Oppenheimer upped their price objective on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Truist Financial reaffirmed a “hold” rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.10.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ PLYA opened at $13.28 on Tuesday. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.32. The stock has a 50 day moving average of $11.92 and a 200-day moving average of $9.60. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $1.61 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.83 and a beta of 1.54.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PLYA. Steward Partners Investment Advisory LLC boosted its stake in shares of Playa Hotels & Resorts by 86.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock valued at $119,000 after buying an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth $126,000. KLP Kapitalforvaltning AS bought a new position in shares of Playa Hotels & Resorts in the fourth quarter worth $226,000. Barclays PLC lifted its position in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after purchasing an additional 19,298 shares during the period. Finally, EMC Capital Management increased its holdings in Playa Hotels & Resorts by 193.5% in the 4th quarter. EMC Capital Management now owns 24,632 shares of the company’s stock valued at $312,000 after buying an additional 16,240 shares during the period. 74.58% of the stock is owned by 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.