Playa Hotels & Resorts’ (PLYA) Outperform Rating Reiterated at Macquarie

Playa Hotels & Resorts (NASDAQ:PLYA)‘s stock had its “outperform” rating reissued by equities research analysts at Macquarie in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $14.00 target price on the stock. Macquarie’s price objective would indicate a potential upside of 85.92% from the stock’s current price.

A number of other research analysts have also recently issued reports on PLYA. Oppenheimer reaffirmed an “outperform” rating and set a $12.00 price objective on shares of Playa Hotels & Resorts in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th.

Playa Hotels & Resorts Stock Down 1.4 %

Shares of PLYA opened at $7.53 on Wednesday. Playa Hotels & Resorts has a 1 year low of $6.88 and a 1 year high of $9.85. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.26 and a quick ratio of 2.16. The stock has a 50 day simple moving average of $8.36 and a two-hundred day simple moving average of $8.77. The firm has a market cap of $1.00 billion, a P/E ratio of 16.37, a P/E/G ratio of 0.65 and a beta of 1.60.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The firm had revenue of $235.48 million during the quarter, compared to analyst estimates of $228.95 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts forecast that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Playa Hotels & Resorts

In other news, Director Karl Mr. Peterson sold 60,000 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $8.31, for a total transaction of $498,600.00. Following the completion of the sale, the director now directly owns 2,469,033 shares in the company, valued at $20,517,664.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Playa Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in PLYA. Raymond James & Associates increased its position in Playa Hotels & Resorts by 2.3% during the 4th quarter. Raymond James & Associates now owns 65,821 shares of the company’s stock valued at $569,000 after purchasing an additional 1,500 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Playa Hotels & Resorts by 6.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 251,707 shares of the company’s stock valued at $2,177,000 after buying an additional 15,135 shares during the period. HBK Sorce Advisory LLC increased its position in shares of Playa Hotels & Resorts by 6.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 23,548 shares of the company’s stock valued at $204,000 after buying an additional 1,369 shares during the period. Voss Capital LLC raised its stake in Playa Hotels & Resorts by 14.2% in the fourth quarter. Voss Capital LLC now owns 3,596,890 shares of the company’s stock worth $31,113,000 after buying an additional 446,890 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Playa Hotels & Resorts by 16.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,233 shares of the company’s stock worth $158,000 after buying an additional 2,634 shares during the period. 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.