Playa Hotels & Resorts (NASDAQ:PLYA) Hits New 1-Year High – What’s Next?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) hit a new 52-week high during trading on Tuesday . The stock traded as high as $12.70 and last traded at $12.68, with a volume of 533949 shares changing hands. The stock had previously closed at $12.37.

Analysts Set New Price Targets

PLYA has been the topic of several analyst reports. Oppenheimer boosted their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Truist Financial reaffirmed a “buy” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, December 24th. One analyst has rated the stock with a hold rating and four have issued 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 Stock Up 2.3 %

The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The stock has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $8.66. The firm has a market capitalization of $1.54 billion, a PE ratio of 26.35, a P/E/G ratio of 1.52 and a beta of 1.64.

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 the business. Dimensional Fund Advisors LP boosted its holdings in shares of Playa Hotels & Resorts by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,673,429 shares of the company’s stock worth $64,379,000 after acquiring an additional 63,595 shares during the period. Long Pond Capital LP grew its holdings in Playa Hotels & Resorts by 14.9% during the 2nd quarter. Long Pond Capital LP now owns 3,991,276 shares of the company’s stock valued at $33,487,000 after buying an additional 518,316 shares in the last quarter. American Century Companies Inc. increased its position in shares of Playa Hotels & Resorts by 12.2% during the second quarter. American Century Companies Inc. now owns 2,425,296 shares of the company’s stock valued at $20,348,000 after buying an additional 264,275 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Playa Hotels & Resorts during the third quarter valued at about $6,032,000. Finally, King Luther Capital Management Corp lifted its holdings in shares of Playa Hotels & Resorts by 1.2% in the third quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock worth $3,326,000 after buying an additional 5,154 shares in the last quarter. 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.