Analysts Set Playa Hotels & Resorts NV (NASDAQ:PLYA) Target Price at $12.00

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Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $12.00.

PLYA has been the subject of a number of research reports. TheStreet lowered YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th.

In other news, insider Brandon B. Buhler sold 4,911 shares of Playa Hotels & Resorts stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $8.12, for a total transaction of $39,877.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brandon B. Buhler sold 7,475 shares of Playa Hotels & Resorts stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $8.20, for a total value of $61,295.00. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Playa Hotels & Resorts by 26.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock valued at $10,900,000 after buying an additional 314,103 shares during the last quarter. Long Pond Capital LP acquired a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at about $10,725,000. Elk Creek Partners LLC lifted its holdings in shares of Playa Hotels & Resorts by 4.4% during the 1st quarter. Elk Creek Partners LLC now owns 1,257,137 shares of the company’s stock valued at $9,592,000 after buying an additional 52,692 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Playa Hotels & Resorts by 2.9% during the 4th quarter. BlackRock Inc. now owns 1,154,224 shares of the company’s stock valued at $8,299,000 after buying an additional 32,989 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Playa Hotels & Resorts by 59.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 238,052 shares of the company’s stock worth $1,712,000 after purchasing an additional 89,086 shares during the last quarter. Institutional investors and hedge funds own 70.95% of the company’s stock.

Shares of NASDAQ PLYA opened at $7.27 on Friday. Playa Hotels & Resorts has a one year low of $5.98 and a one year high of $11.01. The firm has a market cap of $957.24 million, a price-to-earnings ratio of 22.72 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.42. The business’s 50-day simple moving average is $7.79.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.18. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The firm had revenue of $195.80 million during the quarter, compared to analyst estimates of $182.60 million. During the same period last year, the company posted $0.32 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Playa Hotels & Resorts will post 0.19 EPS for the current fiscal year.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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