Playa Hotels & Resorts (NASDAQ:PLYA) Receives Hold Rating from Truist Financial

Playa Hotels & Resorts (NASDAQ:PLYA)‘s stock had its “hold” rating reaffirmed by research analysts at Truist Financial in a report issued on Tuesday, Marketbeat reports. They presently have a $13.00 target price on the stock. Truist Financial’s price target indicates a potential upside of 3.59% from the company’s previous close.

Separately, Oppenheimer increased their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Playa Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Playa Hotels & Resorts Trading Down 0.9 %

Shares of PLYA stock opened at $12.55 on Tuesday. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $12.81. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.52 and a beta of 1.56. The company’s 50-day moving average price is $10.24 and its 200-day moving average price is $8.81. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PLYA. MQS Management LLC acquired a new position in shares of Playa Hotels & Resorts in the 3rd quarter worth approximately $689,000. Cubist Systematic Strategies LLC lifted its stake in Playa Hotels & Resorts by 486.4% during the second quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock worth $2,220,000 after purchasing an additional 219,501 shares in the last quarter. Maverick Capital Ltd. boosted its position in shares of Playa Hotels & Resorts by 335.0% during the second quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock worth $1,397,000 after buying an additional 128,256 shares during the period. Aristides Capital LLC grew its stake in shares of Playa Hotels & Resorts by 6.0% in the second quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock valued at $260,000 after buying an additional 1,739 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Playa Hotels & Resorts by 207.8% during the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after acquiring an additional 56,506 shares in the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

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.