Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) have been assigned an average rating of “Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.88.
PLYA has been the subject of a number of recent analyst reports. BidaskClub raised Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, March 3rd. Finally, Nomura reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Playa Hotels & Resorts in a research note on Friday, January 19th.
Playa Hotels & Resorts (PLYA) traded down $0.03 during trading hours on Wednesday, reaching $10.72. The company’s stock had a trading volume of 131,829 shares, compared to its average volume of 352,299. Playa Hotels & Resorts has a twelve month low of $9.41 and a twelve month high of $12.27. The company has a quick ratio of 1.42, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $1,186.22 and a price-to-earnings ratio of -179.17.
In other Playa Hotels & Resorts news, Director Stephen G. Haggerty acquired 23,000 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was purchased at an average price of $10.84 per share, with a total value of $249,320.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bruce D. Wardinski acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was acquired at an average cost of $10.95 per share, with a total value of $273,750.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 58,000 shares of company stock valued at $628,070. Corporate insiders own 2.74% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Playa Hotels & Resorts in the third quarter worth about $145,000. Goldman Sachs Group Inc. purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter worth about $155,000. Stevens Capital Management LP purchased a new stake in shares of Playa Hotels & Resorts in the third quarter worth about $159,000. Citadel Advisors LLC purchased a new stake in shares of Playa Hotels & Resorts in the fourth quarter worth about $191,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Playa Hotels & Resorts by 170.0% in the third quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock worth $197,000 after buying an additional 11,870 shares in the last quarter. 78.87% of the stock is owned by hedge funds and other institutional investors.
About Playa Hotels & Resorts
Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.
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