Playa Hotels & Resorts (NASDAQ:PLYA) Rating Lowered to Market Perform at Oppenheimer

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports.

A number of other equities research analysts also recently commented on PLYA. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their target price for the company from $15.00 to $13.50 in a report on Tuesday. Truist Financial restated a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

Playa Hotels & Resorts stock opened at $13.24 on Tuesday. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.27. 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 business has a fifty day moving average of $11.79 and a two-hundred day moving average of $9.54. The company has a market cap of $1.61 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54.

Institutional Trading of Playa Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC increased its position in 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 in the last quarter. PDT Partners LLC increased its position in Playa Hotels & Resorts by 3.1% during the 3rd quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock worth $892,000 after purchasing an additional 3,502 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Playa Hotels & Resorts by 13.8% during the 3rd 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 in the last quarter. Steward Partners Investment Advisory LLC increased its position in Playa Hotels & Resorts by 86.3% during 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. Finally, King Luther Capital Management Corp increased its position in Playa Hotels & Resorts by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock worth $3,326,000 after purchasing an additional 5,154 shares in the last quarter. 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.