Zacks Investment Research cut shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) from a buy rating to a hold rating in a research note released on Saturday.

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. “

Several other research firms have also commented on PLYA. ValuEngine upgraded Playa Hotels & Resorts N.V. from a sell rating to a hold rating in a research note on Friday, June 2nd. Citigroup Inc. reiterated a neutral rating and issued a $11.50 price target on shares of Playa Hotels & Resorts N.V. in a research note on Monday, May 15th. Finally, Deutsche Bank AG began coverage on Playa Hotels & Resorts N.V. in a research note on Monday, April 24th. They issued a buy rating and a $14.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $13.45.

Shares of Playa Hotels & Resorts N.V. (NASDAQ PLYA) opened at 11.83 on Friday. Playa Hotels & Resorts N.V. has a 1-year low of $9.45 and a 1-year high of $12.27. The company’s market cap is $1.22 billion. The company’s 50-day moving average price is $11.65 and its 200 day moving average price is $10.70.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last posted its quarterly earnings data on Monday, May 8th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.31 by $0.10. The firm had revenue of $174.07 million during the quarter, compared to analysts’ expectations of $196.72 million. On average, analysts predict that Playa Hotels & Resorts N.V. will post $0.28 earnings per share for the current fiscal year.

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In other Playa Hotels & Resorts N.V. news, insider Kevin Froemming purchased 10,000 shares of the business’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $10.40 per share, for a total transaction of $104,000.00. Following the purchase, the insider now owns 10,000 shares of the company’s stock, valued at approximately $104,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.74% of the company’s stock.

A number of large investors have recently modified their holdings of the company. K2 Principal Fund L.P. acquired a new stake in shares of Playa Hotels & Resorts N.V. during the first quarter worth about $146,000. Sei Investments Co. acquired a new stake in shares of Playa Hotels & Resorts N.V. during the second quarter worth about $429,000. Barometer Capital Management Inc. acquired a new stake in shares of Playa Hotels & Resorts N.V. during the second quarter worth about $461,000. Silver Capital Management LLC acquired a new stake in shares of Playa Hotels & Resorts N.V. during the first quarter worth about $454,000. Finally, UBS Oconnor LLC acquired a new stake in shares of Playa Hotels & Resorts N.V. during the first quarter worth about $800,000. Institutional investors and hedge funds own 69.43% of the company’s stock.

Playa Hotels & Resorts N.V. Company Profile

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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Analyst Recommendations for Playa Hotels & Resorts N.V. (NASDAQ:PLYA)

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