Zacks Investment Research upgraded shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) from a sell rating to a hold rating in a research report report published on Wednesday, July 12th.

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 equities analysts also recently issued reports on the stock. Instinet assumed coverage on shares of Playa Hotels & Resorts N.V. in a research note on Wednesday, March 22nd. They set a buy rating and a $13.00 price objective on the stock. Citigroup Inc. reissued a neutral rating and set a $11.50 price objective on shares of Playa Hotels & Resorts N.V. in a research note on Monday, May 15th. Deutsche Bank AG assumed 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 objective on the stock. Nomura assumed coverage on shares of Playa Hotels & Resorts N.V. in a research note on Wednesday, March 22nd. They set a buy rating on the stock. Finally, Northland Securities initiated coverage on shares of Playa Hotels & Resorts N.V. in a research note on Thursday, March 16th. They set an outperform rating and a $14.75 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $13.45.

Playa Hotels & Resorts N.V. (PLYA) opened at 11.90 on Wednesday. The stock’s market capitalization is $1.23 billion. The firm has a 50-day moving average of $11.65 and a 200-day moving average of $10.70. Playa Hotels & Resorts N.V. has a 1-year low of $9.45 and a 1-year high of $12.27.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.04. The business had revenue of $140.60 million for the quarter, compared to the consensus estimate of $137.76 million. Equities research analysts anticipate that Playa Hotels & Resorts N.V. will post $0.27 EPS for the current year.

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In other Playa Hotels & Resorts N.V. news, insider Kevin Froemming acquired 10,000 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was bought at an average price of $10.40 per share, with a total value of $104,000.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at $104,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.74% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $4,959,000. Silver Capital Management LLC purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $454,000. TPG Group Holdings SBS Advisors Inc. purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $77,070,000. Levin Capital Strategies L.P. purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $2,017,000. Finally, Neuberger Berman Group LLC purchased a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $8,634,000. 69.04% of the stock is 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.

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

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