Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat reports. The brokerage currently has $13.50 price objective on the stock, down from their previous price objective of $15.00.

PLYA has been the topic of several other research reports. Oppenheimer boosted their target price on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Truist Financial reissued a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Up 0.4 %

Playa Hotels & Resorts stock opened at $13.29 on Tuesday. The company’s 50-day moving average price is $11.86 and its two-hundred day moving average price is $9.57. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.83 and a beta of 1.54. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.29. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Institutional Trading of Playa Hotels & Resorts

A number of large investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at $226,000. American Century Companies Inc. lifted its holdings in shares of Playa Hotels & Resorts by 8.9% during the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company’s stock valued at $37,705,000 after purchasing an additional 244,584 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Playa Hotels & Resorts during the fourth quarter valued at $5,308,000. New South Capital Management Inc. acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at $11,374,000. Finally, Steward Partners Investment Advisory LLC increased 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 purchasing an additional 4,342 shares in the last quarter. 74.58% of the stock is currently 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.