Playa Hotels & Resorts (NASDAQ:PLYA) Downgraded to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a buy rating to a hold rating in a research note released on Tuesday, MarketBeat.com reports. They currently have $13.50 price target on the stock, down from their prior price target of $15.00.

Several other analysts also recently weighed in on PLYA. Truist Financial reissued a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Oppenheimer boosted their target price on Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.10.

Playa Hotels & Resorts Stock Up 0.7 %

Shares of NASDAQ PLYA opened at $13.37 on Tuesday. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $13.38. 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 company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 27.85, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. The business has a 50-day moving average of $11.98 and a two-hundred day moving average of $9.62.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the company. SkyView Investment Advisors LLC grew its holdings in shares of Playa Hotels & Resorts by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after acquiring an additional 1,664 shares during the period. PDT Partners LLC raised its position in shares of Playa Hotels & Resorts by 3.1% in the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after buying an additional 3,502 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after acquiring an additional 3,555 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in 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 worth $119,000 after acquiring an additional 4,342 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in shares of Playa Hotels & Resorts by 1.2% during the third 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 during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.