Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Playa Hotels & Resorts N.V. is an owner, operator and developer of resorts primarily in Mexico and the Caribbean. The company owns and manages Hyatt Zilara and Hyatt Ziva Cancun, Hyatt Zilara and Hyatt Ziva Rose Hall Jamaica, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. Playa Hotels & Resorts N.V. is based in Faifax, United States. “

Other research analysts have also issued reports about the company. BidaskClub raised Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. TheStreet lowered YRC Worldwide from a “c” rating to a “d+” rating in a report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.35.

NASDAQ:PLYA opened at $7.63 on Thursday. The business’s 50-day moving average price is $7.93. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 19.25 and a beta of 0.40. Playa Hotels & Resorts has a 52-week low of $5.98 and a 52-week high of $11.01. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.12.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.18. The firm had revenue of $195.80 million for the quarter, compared to analyst estimates of $182.60 million. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. Playa Hotels & Resorts’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. On average, equities analysts anticipate that Playa Hotels & Resorts will post 0.19 earnings per share for the current fiscal year.

In related news, insider Brandon B. Buhler sold 4,911 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $8.12, for a total value of $39,877.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brandon B. Buhler sold 7,475 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $8.20, for a total value of $61,295.00. The disclosure for this sale can be found here. 3.67% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in shares of Playa Hotels & Resorts by 1.2% in the 4th quarter. Northern Trust Corp now owns 135,804 shares of the company’s stock valued at $976,000 after purchasing an additional 1,595 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Playa Hotels & Resorts by 11.8% in the 4th quarter. Bank of New York Mellon Corp now owns 67,880 shares of the company’s stock valued at $488,000 after purchasing an additional 7,180 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at $93,000. Two Sigma Advisers LP acquired a new position in shares of Playa Hotels & Resorts in the 4th quarter valued at $145,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Playa Hotels & Resorts in the 1st quarter valued at $191,000. Institutional investors and hedge funds own 70.88% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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