Playa Hotels & Resorts (NASDAQ:PLYA) Shares Gap Down – What’s Next?

Playa Hotels & Resorts (NASDAQ:PLYA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $9.90, but opened at $9.41. Playa Hotels & Resorts shares last traded at $9.41, with a volume of 121 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Citigroup restated a “neutral” rating and issued a $8.00 target price (down previously from $12.00) on shares of Playa Hotels & Resorts in a research note on Tuesday, August 13th. Truist Financial cut their target price on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Oppenheimer upped their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Macquarie restated an “outperform” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Playa Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Playa Hotels & Resorts Trading Down 0.9 %

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 business’s 50-day moving average is $8.62 and its two-hundred day moving average is $8.30. The firm has a market cap of $1.19 billion, a P/E ratio of 20.44, a P/E/G ratio of 1.68 and a beta of 1.60.

Institutional Investors Weigh In On Playa Hotels & Resorts

A number of institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in Playa Hotels & Resorts by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 71,235 shares of the company’s stock worth $691,000 after purchasing an additional 10,820 shares during the last quarter. Quadrature Capital Ltd bought a new position in Playa Hotels & Resorts in the 1st quarter worth about $98,000. Lazard Asset Management LLC bought a new position in Playa Hotels & Resorts in the 1st quarter worth about $95,000. EMC Capital Management bought a new position in Playa Hotels & Resorts in the 1st quarter worth about $239,000. Finally, Gladius Capital Management LP bought a new position in Playa Hotels & Resorts in the 2nd quarter worth about $61,000. 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.