Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume – Still a Buy?

Playa Hotels & Resorts (NASDAQ:PLYA) shares saw unusually-strong trading volume on Monday . Approximately 22,729,671 shares were traded during trading, an increase of 1,384% from the previous session’s volume of 1,531,392 shares.The stock last traded at $13.32 and had previously closed at $13.33.

Analysts Set New Price Targets

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

Playa Hotels & Resorts Price Performance

The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.44 and a beta of 1.44. The business’s fifty day simple moving average is $13.04 and its 200 day simple moving average is $10.76.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its earnings results on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $218.94 million during the quarter, compared to analyst estimates of $212.26 million. On average, research analysts forecast that Playa Hotels & Resorts will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. 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 acquiring an additional 56,506 shares in the last quarter. Nkcfo LLC bought a new stake in Playa Hotels & Resorts during the 4th quarter worth approximately $696,000. Barclays PLC raised its stake in shares of Playa Hotels & Resorts by 993.7% in the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after purchasing an additional 19,298 shares during the last quarter. FMR LLC boosted its position in shares of Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock valued at $202,000 after buying an additional 9,713 shares during the last quarter. Finally, New South Capital Management Inc. purchased a new position in shares of Playa Hotels & Resorts during the fourth quarter valued at approximately $11,374,000. 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.