Playa Hotels & Resorts (NASDAQ:PLYA) Given “Hold” Rating at Truist Financial

Truist Financial restated their hold rating on shares of Playa Hotels & Resorts (NASDAQ:PLYA) in a research note released on Tuesday morning, MarketBeat reports. The brokerage currently has a $13.00 target price on the stock.

Separately, Oppenheimer raised their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Playa Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Playa Hotels & Resorts Price Performance

NASDAQ PLYA opened at $12.14 on Tuesday. Playa Hotels & Resorts has a 12-month low of $6.95 and a 12-month high of $12.81. The firm’s 50 day moving average is $10.31 and its 200-day moving average is $8.83. The company has a market capitalization of $1.48 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.56. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Hedge Funds Weigh In On Playa Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its stake in Playa Hotels & Resorts by 141.3% in the 2nd quarter. Quarry LP now owns 8,686 shares of the company’s stock valued at $73,000 after buying an additional 5,087 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Playa Hotels & Resorts in the second quarter valued at approximately $88,000. Marshall Wace LLP bought a new position in shares of Playa Hotels & Resorts during the second quarter worth approximately $102,000. AdvisorShares Investments LLC bought a new stake in Playa Hotels & Resorts in the 2nd quarter valued at $105,000. Finally, Barclays PLC boosted its stake in Playa Hotels & Resorts by 993.7% in the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock valued at $165,000 after purchasing an additional 19,298 shares during the period. 74.58% of the stock is currently owned by institutional investors and hedge funds.

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.