Playa Hotels & Resorts (NASDAQ:PLYA) Hits New 52-Week High – What’s Next?

Playa Hotels & Resorts (NASDAQ:PLYA)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $11.84 and last traded at $11.84, with a volume of 46173 shares changing hands. The stock had previously closed at $9.61.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PLYA shares. Oppenheimer upped their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Truist Financial upped their price objective on shares of Playa Hotels & Resorts from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Playa Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $12.00.

Playa Hotels & Resorts Stock Up 26.1 %

The firm has a market cap of $1.47 billion, a P/E ratio of 25.25, a PEG ratio of 1.52 and a beta of 1.64. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company’s 50 day simple moving average is $9.40 and its 200-day simple moving average is $8.50.

Institutional Trading of Playa Hotels & Resorts

Several large investors have recently added to or reduced their stakes in PLYA. SkyView Investment Advisors LLC increased its stake in 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 buying an additional 1,664 shares in the last quarter. Aristides Capital LLC grew its position in Playa Hotels & Resorts by 6.0% in the second quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after acquiring an additional 1,739 shares in the last quarter. AQR Capital Management LLC increased its stake in Playa Hotels & Resorts by 1.4% during the second quarter. AQR Capital Management LLC now owns 144,146 shares of the company’s stock worth $1,209,000 after acquiring an additional 2,006 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Playa Hotels & Resorts by 15.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,784 shares of the company’s stock worth $216,000 after acquiring an additional 3,371 shares during the last quarter. Finally, PDT Partners LLC raised its position in Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after purchasing an additional 3,502 shares during the period. 74.58% of the stock is currently owned by institutional investors.

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.