Playa Hotels & Resorts (NASDAQ:PLYA) Sets New 12-Month High – What’s Next?

Playa Hotels & Resorts (NASDAQ:PLYA) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.87 and last traded at $12.77, with a volume of 15078 shares traded. The stock had previously closed at $12.64.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLYA. Truist Financial restated a “hold” rating and set a $13.00 price target 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 report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Playa Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Playa Hotels & Resorts Price Performance

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 stock has a market capitalization of $1.57 billion, a PE ratio of 26.83, a P/E/G ratio of 1.72 and a beta of 1.54. The stock’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $9.43.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. MQS Management LLC bought a new position in Playa Hotels & Resorts in the 3rd quarter valued at $689,000. Jane Street Group LLC boosted its stake in Playa Hotels & Resorts by 207.8% in the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after purchasing an additional 56,506 shares during the period. FMR LLC increased its holdings in Playa Hotels & Resorts by 59.5% during the 3rd quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after acquiring an additional 9,713 shares during the period. Barclays PLC raised its holdings in shares of 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 acquiring an additional 19,298 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Playa Hotels & Resorts by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,339 shares of the company’s stock worth $227,000 after acquiring an additional 3,555 shares in the last quarter. 74.58% of the stock is owned by institutional investors.

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.