Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 12-Month High – Should You Buy?

Playa Hotels & Resorts (NASDAQ:PLYA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $13.38 and last traded at $13.35, with a volume of 1978014 shares. The stock had previously closed at $13.37.

Analyst Upgrades and Downgrades

PLYA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Truist Financial reiterated a “hold” rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Oppenheimer downgraded shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Finally, Macquarie cut Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Price Performance

The company has a market capitalization of $1.62 billion, a PE ratio of 27.79, a P/E/G ratio of 2.44 and a beta of 1.54. 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 stock has a fifty day simple moving average of $12.24 and a 200-day simple moving average of $9.77.

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. MQS Management LLC acquired a new stake in Playa Hotels & Resorts during the 3rd quarter worth $689,000. Jane Street Group LLC increased its position in shares of Playa Hotels & Resorts by 207.8% during the third quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after purchasing an additional 56,506 shares in the last quarter. Nkcfo LLC purchased a new stake in shares of Playa Hotels & Resorts in the 4th quarter valued at about $696,000. FMR LLC boosted its position in shares of Playa Hotels & Resorts by 59.5% in 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 during the period. Finally, Barclays PLC grew its stake in Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after buying an additional 19,298 shares during the last quarter. 74.58% of the stock is owned by institutional investors and hedge funds.

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.