Playa Hotels & Resorts N.V. (PLYA) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) from a buy rating to a hold rating in a research note issued to investors on Saturday, July 29th.

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 brokerages also recently issued reports on PLYA. ValuEngine raised shares of Playa Hotels & Resorts N.V. from a sell rating to a hold rating in a research report on Friday, June 2nd. Citigroup Inc. started coverage on shares of Playa Hotels & Resorts N.V. in a research note on Friday, May 5th. They issued a neutral rating and a $11.50 target price for the company. Finally, Deutsche Bank AG started coverage on shares of Playa Hotels & Resorts N.V. in a research note on Monday, April 24th. They issued a buy rating and a $14.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $13.45.

Playa Hotels & Resorts N.V. (NASDAQ PLYA) opened at 11.11 on Friday. The stock’s market capitalization is $1.23 billion. Playa Hotels & Resorts N.V. has a 12 month low of $9.45 and a 12 month high of $12.27. The stock has a 50 day moving average price of $11.74 and a 200 day moving average price of $10.78.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last issued its quarterly earnings data on Friday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. On average, equities research analysts forecast that Playa Hotels & Resorts N.V. will post $0.14 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in PLYA. K2 Principal Fund L.P. bought a new stake in shares of Playa Hotels & Resorts N.V. during the first quarter valued at approximately $146,000. Bluefin Trading LLC bought a new stake in shares of Playa Hotels & Resorts N.V. during the second quarter valued at approximately $168,000. C M Bidwell & Associates Ltd. acquired a new position in Playa Hotels & Resorts N.V. during the second quarter valued at $255,000. State Street Corp acquired a new position in Playa Hotels & Resorts N.V. during the second quarter valued at $394,000. Finally, Sei Investments Co. acquired a new position in Playa Hotels & Resorts N.V. during the second quarter valued at $429,000. Hedge funds and other institutional investors own 69.97% of the company’s stock.

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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