Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

PLYA has been the subject of several other reports. Zacks Investment Research lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. SunTrust Banks initiated coverage on Playa Hotels & Resorts in a report on Tuesday, August 28th. They issued a “buy” rating and a $14.00 price objective for the company. Deutsche Bank reissued a “buy” rating on shares of Playa Hotels & Resorts in a report on Tuesday, July 10th. Finally, TheStreet raised Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Playa Hotels & Resorts has a consensus rating of “Hold” and an average target price of $14.19.

Shares of Playa Hotels & Resorts stock opened at $9.95 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.79 and a quick ratio of 1.68. The stock has a market capitalization of $1.30 billion, a P/E ratio of 26.18 and a beta of -0.18. Playa Hotels & Resorts has a fifty-two week low of $9.41 and a fifty-two week high of $11.69.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Monday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The firm had revenue of $145.57 million during the quarter, compared to analyst estimates of $144.83 million. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. Playa Hotels & Resorts’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. equities research analysts anticipate that Playa Hotels & Resorts will post 0.41 earnings per share for the current fiscal year.

In related news, Director Karl Mr. Peterson bought 50,000 shares of the stock in a transaction dated Friday, August 10th. The stock was bought at an average cost of $10.35 per share, with a total value of $517,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.74% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Playa Hotels & Resorts by 7.7% during the first quarter. Wells Fargo & Company MN now owns 2,892,619 shares of the company’s stock valued at $29,562,000 after purchasing an additional 206,519 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Playa Hotels & Resorts by 6.3% during the first quarter. Neuberger Berman Group LLC now owns 1,981,222 shares of the company’s stock valued at $20,248,000 after purchasing an additional 117,341 shares during the last quarter. Elk Creek Partners LLC grew its holdings in shares of Playa Hotels & Resorts by 15.8% during the first quarter. Elk Creek Partners LLC now owns 1,196,089 shares of the company’s stock valued at $12,224,000 after purchasing an additional 163,446 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Playa Hotels & Resorts by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock valued at $12,192,000 after purchasing an additional 197,520 shares during the last quarter. Finally, Keeley Teton Advisors LLC grew its holdings in shares of Playa Hotels & Resorts by 115.9% during the first quarter. Keeley Teton Advisors LLC now owns 1,004,237 shares of the company’s stock valued at $10,263,000 after purchasing an additional 539,112 shares during the last quarter. 71.00% of the stock is owned by institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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