Playa Hotels & Resorts (NASDAQ:PLYA)‘s stock had its “buy” rating reiterated by equities research analysts at Nomura in a research report issued to clients and investors on Friday. They currently have a $16.00 target price on the stock. Nomura’s price target points to a potential upside of 48.70% from the stock’s previous close.
A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Northland Securities reissued a “buy” rating and issued a $14.75 target price on shares of Playa Hotels & Resorts in a report on Friday, November 10th. Finally, BidaskClub raised Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Playa Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $13.89.
Shares of Playa Hotels & Resorts (PLYA) traded up $0.01 during midday trading on Friday, reaching $10.76. The company’s stock had a trading volume of 714,062 shares, compared to its average volume of 337,323. The stock has a market cap of $1,190.00 and a P/E ratio of -23.91. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.59 and a quick ratio of 1.51. Playa Hotels & Resorts has a 12 month low of $9.81 and a 12 month high of $12.27.
In other news, Director Daniel J. Hirsch bought 30,000 shares of Playa Hotels & Resorts stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $10.52 per share, with a total value of $315,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.74% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new stake in shares of Playa Hotels & Resorts in the 3rd quarter valued at about $145,000. Stevens Capital Management LP purchased a new stake in shares of Playa Hotels & Resorts in the 3rd quarter valued at about $159,000. Bluefin Trading LLC purchased a new stake in shares of Playa Hotels & Resorts in the 2nd quarter valued at about $168,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Playa Hotels & Resorts by 170.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock valued at $197,000 after purchasing an additional 11,870 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Playa Hotels & Resorts in the 3rd quarter valued at about $206,000. 77.43% of the stock is owned by institutional investors and hedge funds.
About Playa Hotels & Resorts
Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.
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