Playa Hotels & Resorts (NASDAQ:PLYA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Playa Hotels & Resorts (NASDAQ:PLYA) saw an uptick in trading volume on Monday . 22,729,671 shares changed hands during trading, an increase of 1,384% from the previous session’s volume of 1,531,392 shares.The stock last traded at $13.32 and had previously closed at $13.33.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLYA. Deutsche Bank Aktiengesellschaft lowered Playa Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their price objective for the company from $15.00 to $13.50 in a research report on Tuesday, February 11th. Macquarie lowered Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Oppenheimer lowered Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Finally, Truist Financial reissued a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.10.

Playa Hotels & Resorts Stock Down 0.2 %

The company has a market capitalization of $1.64 billion, a PE ratio of 27.71, a P/E/G ratio of 2.44 and a beta of 1.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The company has a 50-day moving average of $13.00 and a two-hundred day moving average of $10.68.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%. The business had revenue of $218.94 million for the quarter, compared to the consensus estimate of $212.26 million. Sell-side analysts anticipate that Playa Hotels & Resorts will post 0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Playa Hotels & Resorts by 5,003.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,266 shares of the company’s stock worth $41,000 after purchasing an additional 3,202 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Playa Hotels & Resorts by 86.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after buying an additional 4,342 shares during the period. Avidian Wealth Enterprises LLC purchased a new position in Playa Hotels & Resorts during the fourth quarter worth $126,000. Barclays PLC boosted its stake in Playa Hotels & Resorts by 993.7% during the third quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after buying an additional 19,298 shares during the period. Finally, FMR LLC boosted its stake in Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after buying an additional 9,713 shares during the period. 74.58% of the stock is currently owned by institutional investors.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.