Playa Hotels & Resorts (NASDAQ:PLYA) Cut to Hold at Deutsche Bank Aktiengesellschaft

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report issued on Tuesday,Briefing.com Automated Import reports. They presently have a $13.50 price objective on the stock, down from their previous price objective of $15.00. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 1.96% from the company’s previous close.

PLYA has been the topic of a number of other reports. Truist Financial reissued a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Oppenheimer boosted their target price on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Playa Hotels & Resorts has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ:PLYA opened at $13.24 on Tuesday. The company’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $9.54. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. Playa Hotels & Resorts has a 1 year low of $6.95 and a 1 year high of $13.27.

Hedge Funds Weigh In On Playa Hotels & Resorts

A number of hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC lifted its holdings in shares of Playa Hotels & Resorts by 3.0% during the third quarter. SkyView Investment Advisors LLC now owns 57,687 shares of the company’s stock worth $447,000 after purchasing an additional 1,664 shares during the period. PDT Partners LLC lifted its holdings in shares of Playa Hotels & Resorts by 3.1% during the third quarter. PDT Partners LLC now owns 115,065 shares of the company’s stock worth $892,000 after purchasing an additional 3,502 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Playa Hotels & Resorts by 13.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after purchasing an additional 3,555 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after purchasing an additional 4,342 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in shares of Playa Hotels & Resorts by 1.2% during the third quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock worth $3,326,000 after purchasing an additional 5,154 shares during the period. Institutional investors and hedge funds own 74.58% of the company’s stock.

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.