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

Playa Hotels & Resorts (NASDAQ:PLYA)‘s stock had its “buy” rating reaffirmed by investment analysts at Truist Financial in a research note issued on Tuesday,Benzinga reports. They presently have a $13.00 target price on the stock. Truist Financial’s target price points to a potential upside of 5.61% from the company’s previous close.

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

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA traded down $0.04 during midday trading on Tuesday, reaching $12.31. The stock had a trading volume of 869,264 shares, compared to its average volume of 797,042. The stock has a market capitalization of $1.50 billion, a P/E ratio of 25.65, a PEG ratio of 1.52 and a beta of 1.64. The firm’s fifty day simple moving average is $9.48 and its 200-day simple moving average is $8.52. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $12.70. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. SkyView Investment Advisors LLC increased its holdings in shares of Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock valued at $447,000 after purchasing an additional 1,664 shares during the last quarter. Barclays PLC boosted its stake in Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after purchasing an additional 19,298 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in Playa Hotels & Resorts by 85.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 54,594 shares of the company’s stock valued at $423,000 after buying an additional 25,192 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Playa Hotels & Resorts by 207.8% during the third quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after buying an additional 56,506 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Playa Hotels & Resorts in the third quarter valued at about $6,032,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

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.