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

Playa Hotels & Resorts (NASDAQ:PLYA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $13.27 and last traded at $13.20, with a volume of 14539854 shares. The stock had previously closed at $12.94.

Analysts Set New Price Targets

Several research analysts have commented on PLYA shares. Truist Financial restated a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Oppenheimer downgraded Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $13.50 in a research note on Tuesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.10.

Playa Hotels & Resorts Stock Up 0.4 %

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 firm has a market capitalization of $1.62 billion, a P/E ratio of 27.69, a PEG ratio of 1.83 and a beta of 1.54. The firm’s fifty day moving average price is $11.86 and its 200-day moving average price is $9.57.

Hedge Funds Weigh In On Playa Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLYA. Steward Partners Investment Advisory LLC raised its stake in shares of 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 buying an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in Playa Hotels & Resorts in the fourth quarter worth about $126,000. Barclays PLC lifted its holdings 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 acquiring an additional 19,298 shares during the last quarter. FMR LLC boosted its position in shares of Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after purchasing an additional 9,713 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter worth approximately $226,000. 74.58% of the stock is owned by institutional investors.

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.