Playa Hotels & Resorts (NASDAQ:PLYA) Receives “Buy” Rating from Truist Financial

Truist Financial restated their buy rating on shares of Playa Hotels & Resorts (NASDAQ:PLYA) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $13.00 target price on the stock.

Separately, Oppenheimer boosted their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Playa Hotels & Resorts Trading Up 0.1 %

NASDAQ:PLYA opened at $12.26 on Tuesday. 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 firm’s 50 day moving average is $9.70 and its 200 day moving average is $8.60. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $12.70. The stock has a market capitalization of $1.49 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64.

Institutional Investors Weigh In On Playa Hotels & Resorts

Several large investors have recently added to or reduced their stakes in PLYA. MQS Management LLC purchased a new stake in shares of Playa Hotels & Resorts in the 3rd quarter valued at about $689,000. Cubist Systematic Strategies LLC raised its position in shares of Playa Hotels & Resorts by 486.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock valued at $2,220,000 after buying an additional 219,501 shares in the last quarter. Maverick Capital Ltd. grew its position in Playa Hotels & Resorts by 335.0% in the second quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock worth $1,397,000 after acquiring an additional 128,256 shares in the last quarter. Aristides Capital LLC increased its stake in 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 acquiring an additional 1,739 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in Playa Hotels & Resorts during the second quarter valued at about $527,000. Institutional investors own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

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.