Playa Hotels & Resorts N.V. (NASDAQ:PLYA) has been assigned an average rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $13.31.

A number of research analysts have weighed in on PLYA shares. Zacks Investment Research cut shares of Playa Hotels & Resorts N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 17th. Citigroup Inc. started coverage on shares of Playa Hotels & Resorts N.V. in a research note on Friday, May 5th. They set a “neutral” rating and a $11.50 price target on the stock. Deutsche Bank AG started coverage on shares of Playa Hotels & Resorts N.V. in a research note on Monday, April 24th. They set a “buy” rating and a $14.00 price target on the stock. Finally, ValuEngine upgraded shares of Playa Hotels & Resorts N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.

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Shares of Playa Hotels & Resorts N.V. (PLYA) traded up 1.97% during trading on Friday, reaching $11.90. The company had a trading volume of 866,897 shares. The company’s market cap is $1.23 billion. Playa Hotels & Resorts N.V. has a 12 month low of $9.45 and a 12 month high of $12.27. The firm has a 50 day moving average price of $11.65 and a 200 day moving average price of $10.70.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last released its earnings results on Friday, August 4th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $140.60 million for the quarter, compared to analysts’ expectations of $137.76 million. Analysts predict that Playa Hotels & Resorts N.V. will post $0.28 earnings per share for the current year.

In other news, insider Kevin Froemming bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $10.40 per share, with a total value of $104,000.00. Following the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at approximately $104,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.74% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PLYA. TPG Group Holdings SBS Advisors Inc. purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $77,070,000. Janus Capital Management LLC purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $39,219,000. Jennison Associates LLC raised its stake in Playa Hotels & Resorts N.V. by 10.8% in the second quarter. Jennison Associates LLC now owns 3,272,832 shares of the company’s stock worth $39,110,000 after buying an additional 318,523 shares during the period. TD Asset Management Inc. purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $33,342,000. Finally, Marlowe Partners LP purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $25,198,000. 69.43% of the stock is currently owned by institutional investors and hedge funds.

About Playa Hotels & Resorts N.V.

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.

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

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