Playa Hotels & Resorts (NASDAQ:PLYA) Reaches New 12-Month High – What’s Next?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) hit a new 52-week high during trading on Tuesday . The company traded as high as $12.87 and last traded at $12.77, with a volume of 15078 shares traded. The stock had previously closed at $12.64.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial reaffirmed a “hold” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Oppenheimer upped their price target 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Playa Hotels & Resorts Stock Up 1.8 %

The stock has a 50 day moving average price of $11.47 and a 200 day moving average price of $9.38. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.72 and a beta of 1.54. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC increased its holdings in Playa Hotels & Resorts by 3.0% in the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after purchasing an additional 1,664 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Playa Hotels & Resorts by 1.4% in the 2nd quarter. AQR Capital Management LLC now owns 144,146 shares of the company’s stock valued at $1,209,000 after acquiring an additional 2,006 shares in the last quarter. PDT Partners LLC increased its stake in shares of Playa Hotels & Resorts by 3.1% in the 3rd quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock valued at $892,000 after acquiring an additional 3,502 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Playa Hotels & Resorts by 13.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock valued at $227,000 after acquiring an additional 3,555 shares during the period. Finally, King Luther Capital Management Corp boosted its stake in Playa Hotels & Resorts by 1.2% during the third quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock worth $3,326,000 after acquiring an additional 5,154 shares in the last quarter. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

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.