Playa Hotels & Resorts (NASDAQ:PLYA) Cut to Hold at Macquarie

Macquarie downgraded shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Truist Financial reaffirmed a “hold” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $13.50 in a research report on Tuesday. Finally, Oppenheimer cut shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Performance

Shares of Playa Hotels & Resorts stock opened at $13.28 on Monday. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. Playa Hotels & Resorts has a one year low of $6.95 and a one year high of $13.32. The stock’s 50-day moving average is $11.92 and its 200-day moving average is $9.60.

Hedge Funds Weigh In On Playa Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in shares of 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 valued at $119,000 after acquiring an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC bought a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at about $126,000. KLP Kapitalforvaltning AS bought a new position in Playa Hotels & Resorts during the fourth quarter worth about $226,000. Barclays PLC increased its position in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after buying an additional 19,298 shares during the last quarter. Finally, EMC Capital Management raised its stake in Playa Hotels & Resorts by 193.5% in the fourth quarter. EMC Capital Management now owns 24,632 shares of the company’s stock valued at $312,000 after buying an additional 16,240 shares during the period. 74.58% of the stock is currently owned by institutional investors and hedge funds.

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.