Playa Hotels & Resorts’ (PLYA) Hold Rating Reiterated at Truist Financial

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

Separately, Oppenheimer increased their price target on shares of Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research 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. Based on data from MarketBeat.com, Playa Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Playa Hotels & Resorts Stock Up 2.7 %

NASDAQ:PLYA opened at $12.47 on Tuesday. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $12.81. The company has a 50-day moving average of $10.46 and a 200 day moving average of $8.89. The firm has a market cap of $1.52 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.52 and a beta of 1.56. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14.

Hedge Funds Weigh In On Playa Hotels & Resorts

Institutional investors have recently bought and sold shares of the business. MQS Management LLC purchased a new position in Playa Hotels & Resorts during the 3rd quarter worth approximately $689,000. Cubist Systematic Strategies LLC raised its position in Playa Hotels & Resorts by 486.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock worth $2,220,000 after buying an additional 219,501 shares during the last quarter. Maverick Capital Ltd. raised its position in Playa Hotels & Resorts by 335.0% during the 2nd quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock worth $1,397,000 after buying an additional 128,256 shares during the last quarter. Aristides Capital LLC raised its position in Playa Hotels & Resorts by 6.0% during the 2nd quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after buying an additional 1,739 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Playa Hotels & Resorts by 207.8% during the 3rd quarter. Jane Street Group LLC now owns 83,703 shares of the company’s stock worth $649,000 after buying an additional 56,506 shares during the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

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.