Playa Hotels & Resorts (NASDAQ:PLYA) Given New $14.00 Price Target at Deutsche Bank Aktiengesellschaft

Playa Hotels & Resorts (NASDAQ:PLYA) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $16.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Truist Financial boosted their price target on Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a buy rating in a report on Tuesday, February 27th.

Playa Hotels & Resorts Stock Performance

Shares of NASDAQ PLYA opened at $8.76 on Thursday. The company has a 50 day simple moving average of $9.35 and a two-hundred day simple moving average of $8.55. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 6.49 and a beta of 1.54. The company has a current ratio of 2.26, a quick ratio of 1.91 and a debt-to-equity ratio of 1.81. Playa Hotels & Resorts has a 12 month low of $6.88 and a 12 month high of $9.85.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Monday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $300.64 million during the quarter, compared to the consensus estimate of $273.77 million. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, analysts predict that Playa Hotels & Resorts will post 0.44 earnings per share for the current year.

Insider Activity

In related news, Director Karl Mr. Peterson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total value of $47,900.00. Following the completion of the transaction, the director now owns 2,529,033 shares of the company’s stock, valued at approximately $24,228,136.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Brandon B. Buhler sold 35,915 shares of Playa Hotels & Resorts stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total value of $324,671.60. Following the sale, the chief accounting officer now owns 102,598 shares of the company’s stock, valued at approximately $927,485.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karl Mr. Peterson sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the transaction, the director now owns 2,529,033 shares of the company’s stock, valued at $24,228,136.14. The disclosure for this sale can be found here. Insiders have sold 65,915 shares of company stock worth $604,222 in the last ninety days. Company insiders own 7.60% of the company’s stock.

Institutional Trading of Playa Hotels & Resorts

Several institutional investors have recently modified their holdings of PLYA. Raymond James Financial Services Advisors Inc. lifted its stake in Playa Hotels & Resorts by 12.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 236,572 shares of the company’s stock valued at $1,713,000 after buying an additional 26,458 shares in the last quarter. LSV Asset Management raised its holdings in shares of Playa Hotels & Resorts by 4.0% during the third quarter. LSV Asset Management now owns 2,056,400 shares of the company’s stock valued at $14,888,000 after acquiring an additional 79,800 shares during the last quarter. Jump Financial LLC lifted its position in shares of Playa Hotels & Resorts by 237.4% in the third quarter. Jump Financial LLC now owns 51,700 shares of the company’s stock valued at $374,000 after acquiring an additional 36,379 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Playa Hotels & Resorts in the third quarter worth approximately $76,000. Finally, CenterBook Partners LP purchased a new stake in shares of Playa Hotels & Resorts during the third quarter worth approximately $98,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.