Playa Hotels & Resorts (NASDAQ:PLYA) Receives “Buy” Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of Playa Hotels & Resorts (NASDAQ:PLYA) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $13.00 price objective on the stock.

Separately, Oppenheimer upped their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Playa Hotels & Resorts Trading Down 0.8 %

PLYA opened at $12.25 on Tuesday. The business’s 50 day moving average price is $9.56 and its 200 day moving average price is $8.55. 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 stock has a market capitalization of $1.49 billion, a PE ratio of 25.52, a P/E/G ratio of 1.52 and a beta of 1.64. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $12.70.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC purchased a new position in Playa Hotels & Resorts in the 3rd quarter valued at approximately $6,032,000. Long Pond Capital LP raised its holdings in Playa Hotels & Resorts by 14.9% in the second quarter. Long Pond Capital LP now owns 3,991,276 shares of the company’s stock valued at $33,487,000 after acquiring an additional 518,316 shares in the last quarter. American Century Companies Inc. grew its holdings in Playa Hotels & Resorts by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 2,425,296 shares of the company’s stock worth $20,348,000 after acquiring an additional 264,275 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Playa Hotels & Resorts by 486.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock valued at $2,220,000 after purchasing an additional 219,501 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at $1,168,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.