Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume – Should You Buy?

Playa Hotels & Resorts (NASDAQ:PLYA) saw unusually-strong trading volume on Monday . Approximately 2,661,243 shares changed hands during trading, an increase of 91% from the previous session’s volume of 1,394,743 shares.The stock last traded at $13.31 and had previously closed at $13.31.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PLYA shares. Macquarie lowered shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. 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. Oppenheimer lowered shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $13.50 in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The stock’s fifty day moving average is $12.94 and its 200-day moving average is $10.56. The stock has a market cap of $1.64 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.44.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Tuesday, February 25th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. As a group, equities analysts anticipate that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in shares of Playa Hotels & Resorts by 5,003.1% during the fourth 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. Steward Partners Investment Advisory LLC raised its holdings in 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 acquiring an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $126,000. KLP Kapitalforvaltning AS acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $226,000. Finally, Freestone Grove Partners LP acquired a new stake in Playa Hotels & Resorts in the fourth quarter valued at approximately $263,000. 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.