Playa Hotels & Resorts (NASDAQ:PLYA) Stock Rating Lowered by Oppenheimer

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports.

PLYA has been the subject of several other research reports. Truist Financial restated a “hold” rating and set a $13.00 price target on shares of Playa Hotels & Resorts in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $13.50 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Playa Hotels & Resorts currently has an average rating of “Hold” and an average price target of $12.10.

Playa Hotels & Resorts Stock Down 0.1 %

PLYA stock opened at $13.28 on Tuesday. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.32. The stock has a market cap of $1.61 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.83 and a beta of 1.54. The stock’s fifty day simple moving average is $11.92 and its two-hundred day simple moving average is $9.60. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Institutional Investors Weigh In On Playa Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new stake in shares of Playa Hotels & Resorts in the third quarter valued at approximately $414,000. MQS Management LLC purchased a new position in Playa Hotels & Resorts in the 3rd quarter valued at approximately $689,000. Oppenheimer & Co. Inc. raised its holdings in Playa Hotels & Resorts by 69.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 52,443 shares of the company’s stock valued at $406,000 after acquiring an additional 21,562 shares during the period. King Luther Capital Management Corp raised its holdings in Playa Hotels & Resorts by 1.2% during the 3rd quarter. King Luther Capital Management Corp now owns 429,200 shares of the company’s stock valued at $3,326,000 after acquiring an additional 5,154 shares during the period. Finally, FMR LLC lifted its position in shares of Playa Hotels & Resorts by 59.5% during the third quarter. FMR LLC now owns 26,041 shares of the company’s stock worth $202,000 after acquiring an additional 9,713 shares in the last quarter. 74.58% of the stock is owned by hedge funds and other institutional investors.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm’s geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.