Playa Hotels & Resorts (NASDAQ:PLYA) Price Target Raised to $12.00 at Oppenheimer

Playa Hotels & Resorts (NASDAQ:PLYA) had its price objective boosted by Oppenheimer from $10.00 to $12.00 in a research note published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also issued reports on PLYA. Citigroup restated a “neutral” rating and issued a $8.00 price target (down from $12.00) on shares of Playa Hotels & Resorts in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Truist Financial dropped their target price on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Macquarie restated an “outperform” rating and set a $14.00 price target on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Playa Hotels & Resorts currently has an average rating of “Moderate Buy” and an average price target of $11.40.

Playa Hotels & Resorts Stock Up 0.7 %

PLYA opened at $9.58 on Monday. The company has a 50-day moving average price of $8.34 and a 200 day moving average price of $8.29. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16. The company has a market cap of $1.16 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.67 and a beta of 1.60. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $10.13.

Institutional Trading of Playa Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MQS Management LLC purchased a new position in shares of Playa Hotels & Resorts in the third quarter valued at $689,000. Cubist Systematic Strategies LLC increased its holdings in Playa Hotels & Resorts by 486.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 264,625 shares of the company’s stock valued at $2,220,000 after acquiring an additional 219,501 shares in the last quarter. Maverick Capital Ltd. raised its position in Playa Hotels & Resorts by 335.0% during the second quarter. Maverick Capital Ltd. now owns 166,536 shares of the company’s stock worth $1,397,000 after acquiring an additional 128,256 shares during the last quarter. Aristides Capital LLC raised its position in Playa Hotels & Resorts by 6.0% during the second quarter. Aristides Capital LLC now owns 30,943 shares of the company’s stock worth $260,000 after acquiring an additional 1,739 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Playa Hotels & Resorts in the second quarter valued at about $527,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

About Playa Hotels & Resorts

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.