Zacks Investment Research cut shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a hold rating to a sell rating in a report released on Friday.

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. “

Other analysts also recently issued research reports about the stock. Deutsche Bank reiterated a buy rating on shares of Playa Hotels & Resorts in a report on Tuesday, July 10th. BidaskClub upgraded shares of Playa Hotels & Resorts from a sell rating to a hold rating in a report on Saturday, June 2nd. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $14.19.

PLYA stock traded down $0.01 during mid-day trading on Friday, reaching $10.33. The company’s stock had a trading volume of 4,949 shares, compared to its average volume of 219,202. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 27.18 and a beta of -0.17. The company has a current ratio of 1.79, a quick ratio of 1.57 and a debt-to-equity ratio of 1.16. Playa Hotels & Resorts has a fifty-two week low of $9.41 and a fifty-two week high of $11.94.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Monday, August 6th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $145.57 million during the quarter, compared to the consensus estimate of $144.83 million. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. Playa Hotels & Resorts’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. equities analysts forecast that Playa Hotels & Resorts will post 0.44 earnings per share for the current year.

In other news, CFO Ryan Paul Hymel sold 2,922 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $10.50, for a total transaction of $30,681.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Alexander Stadlin sold 4,924 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $10.51, for a total transaction of $51,751.24. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock valued at $110,147 in the last 90 days. Insiders own 3.67% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp increased its holdings in Playa Hotels & Resorts by 4.1% in the 1st quarter. Northern Trust Corp now owns 131,710 shares of the company’s stock valued at $1,346,000 after purchasing an additional 5,235 shares during the last quarter. Raymond James & Associates increased its holdings in Playa Hotels & Resorts by 4.3% in the 4th quarter. Raymond James & Associates now owns 140,012 shares of the company’s stock valued at $1,511,000 after purchasing an additional 5,726 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Playa Hotels & Resorts in the 1st quarter valued at approximately $110,000. CI Investments Inc. increased its holdings in Playa Hotels & Resorts by 10.5% in the 1st quarter. CI Investments Inc. now owns 128,200 shares of the company’s stock valued at $1,310,000 after purchasing an additional 12,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Playa Hotels & Resorts in the 4th quarter valued at approximately $155,000. Institutional investors and hedge funds own 67.43% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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