Playa Hotels & Resorts N.V. (PLYA) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) from a sell rating to a hold rating in a report released on Tuesday.

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. “

Separately, Janney Montgomery Scott initiated coverage on Playa Hotels & Resorts N.V. in a research report on Thursday, September 7th. They issued a buy rating and a $14.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $13.54.

Shares of Playa Hotels & Resorts N.V. (PLYA) traded up 1.81% during trading on Tuesday, reaching $10.69. The company had a trading volume of 185,455 shares. Playa Hotels & Resorts N.V. has a 12 month low of $9.45 and a 12 month high of $12.27. The firm’s market capitalization is $1.18 billion. The firm’s 50 day moving average price is $11.32 and its 200 day moving average price is $10.80.

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last posted its quarterly earnings data on Friday, August 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The firm had revenue of $140.60 million during the quarter, compared to analyst estimates of $137.76 million. Equities analysts predict that Playa Hotels & Resorts N.V. will post $0.06 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Bluefin Trading LLC acquired a new position in Playa Hotels & Resorts N.V. in the second quarter worth about $168,000. Bank of New York Mellon Corp boosted its stake in Playa Hotels & Resorts N.V. by 7.7% in the second quarter. Bank of New York Mellon Corp now owns 203,435 shares of the company’s stock valued at $2,431,000 after acquiring an additional 14,620 shares during the period. Citigroup Inc. boosted its stake in Playa Hotels & Resorts N.V. by 18.0% in the second quarter. Citigroup Inc. now owns 104,591 shares of the company’s stock valued at $1,249,000 after acquiring an additional 15,929 shares during the period. Silver Capital Management LLC boosted its stake in Playa Hotels & Resorts N.V. by 48.0% in the second quarter. Silver Capital Management LLC now owns 63,977 shares of the company’s stock valued at $763,000 after acquiring an additional 20,740 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new position in Playa Hotels & Resorts N.V. in the second quarter valued at approximately $255,000. Institutional investors and hedge funds own 82.77% of the company’s stock.

Playa Hotels & Resorts N.V. Company Profile

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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