Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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. “

A number of other research firms have also commented on PLYA. BidaskClub lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, July 13th. TheStreet upgraded shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Friday, August 24th. SunTrust Banks began coverage on shares of Playa Hotels & Resorts in a report on Tuesday, August 28th. They set a “buy” rating and a $14.00 price target for the company. Deutsche Bank set a $15.00 price target on shares of Playa Hotels & Resorts and gave the company a “buy” rating in a report on Saturday, September 15th. Finally, Nomura lowered shares of Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $11.00 in a report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.96.

Shares of PLYA opened at $8.59 on Thursday. The company has a market capitalization of $1.15 billion, a PE ratio of 18.68 and a beta of 0.51. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.63 and a quick ratio of 1.68. Playa Hotels & Resorts has a fifty-two week low of $8.15 and a fifty-two week high of $11.69.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $142.81 million during the quarter, compared to analyst estimates of $133.30 million. Playa Hotels & Resorts had a net margin of 3.64% and a return on equity of 6.98%. Equities research analysts expect that Playa Hotels & Resorts will post 0.37 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in Playa Hotels & Resorts during the 2nd quarter valued at $164,000. Schwab Charles Investment Management Inc. raised its holdings in Playa Hotels & Resorts by 12.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 186,076 shares of the company’s stock worth $2,010,000 after purchasing an additional 20,364 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Playa Hotels & Resorts by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock worth $12,192,000 after purchasing an additional 197,520 shares in the last quarter. Millennium Management LLC raised its holdings in Playa Hotels & Resorts by 70.3% in the 2nd quarter. Millennium Management LLC now owns 865,544 shares of the company’s stock worth $9,348,000 after purchasing an additional 357,359 shares in the last quarter. Finally, James Investment Research Inc. bought a new position in Playa Hotels & Resorts in the 3rd quarter worth $2,191,000. Institutional investors own 68.89% of the company’s stock.

About Playa Hotels & Resorts

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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