Shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) saw strong trading volume on Wednesday . 848,416 shares traded hands during trading, an increase of 138% from the previous session’s volume of 355,831 shares.The stock last traded at $10.69 and had previously closed at $10.41.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Playa Hotels & Resorts N.V. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Janney Montgomery Scott assumed coverage on shares of Playa Hotels & Resorts N.V. in a research note on Thursday, September 7th. They set a “buy” rating and a $14.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $13.54.

The company’s market cap is $1.18 billion. The stock has a 50-day moving average price of $11.32 and a 200 day moving average price of $10.80.

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 company 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 $0.14 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in PLYA. Bluefin Trading LLC bought a new stake in shares of Playa Hotels & Resorts N.V. during the 2nd quarter valued at approximately $168,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Playa Hotels & Resorts N.V. during the 2nd quarter valued at approximately $255,000. State Street Corp bought a new stake in shares of Playa Hotels & Resorts N.V. during the 2nd quarter valued at approximately $394,000. Sei Investments Co. bought a new stake in shares of Playa Hotels & Resorts N.V. during the 2nd quarter valued at approximately $429,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of Playa Hotels & Resorts N.V. during the 2nd quarter valued at approximately $461,000. 82.77% of the stock is currently owned by institutional investors.

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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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