Playa Hotels & Resorts’ (PLYA) Outperform Rating Reiterated at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Playa Hotels & Resorts (NASDAQ:PLYAFree Report) in a research report released on Wednesday, Benzinga reports. They currently have a $12.00 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Playa Hotels & Resorts from $16.00 to $14.00 and set a buy rating for the company in a research report on Thursday, May 9th.

Check Out Our Latest Analysis on Playa Hotels & Resorts

Playa Hotels & Resorts Price Performance

Shares of PLYA opened at $8.36 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.16 and a current ratio of 2.26. The stock has a 50 day simple moving average of $8.47 and a 200 day simple moving average of $8.77. Playa Hotels & Resorts has a 52-week low of $6.88 and a 52-week high of $9.85. The firm has a market capitalization of $1.11 billion, a PE ratio of 18.17, a P/E/G ratio of 0.64 and a beta of 1.60.

Playa Hotels & Resorts (NASDAQ:PLYAGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. Playa Hotels & Resorts had a return on equity of 12.08% and a net margin of 6.52%. The business had revenue of $300.64 million during the quarter, compared to analyst estimates of $273.77 million. During the same period in the previous year, the firm earned $0.31 EPS. Playa Hotels & Resorts’s quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts predict that Playa Hotels & Resorts will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $8.31, for a total transaction of $498,600.00. Following the completion of the transaction, the director now owns 2,469,033 shares of the company’s stock, valued at approximately $20,517,664.23. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Playa Hotels & Resorts

Large investors have recently bought and sold shares of the company. Inceptionr LLC acquired a new position in Playa Hotels & Resorts during the 4th quarter worth approximately $93,000. Lazard Asset Management LLC bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $95,000. Quadrature Capital Ltd bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $98,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $134,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Playa Hotels & Resorts by 16.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock worth $158,000 after purchasing an additional 2,634 shares in the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

(Get Free Report)

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.

Recommended Stories

Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.