Playa Hotels & Resorts (NASDAQ:PLYA) Lowered to Market Perform Rating by Oppenheimer

Playa Hotels & Resorts (NASDAQ:PLYA) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Tuesday, Marketbeat reports.

PLYA has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft downgraded Playa Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $13.50 in a research report on Tuesday. Truist Financial reaffirmed a “hold” rating and issued a $13.00 price target on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.10.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts 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 company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $1.61 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.83 and a beta of 1.54. The firm’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $9.60.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cinctive Capital Management LP bought a new stake in Playa Hotels & Resorts during the fourth quarter worth about $3,256,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Playa Hotels & Resorts by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,434,496 shares of the company’s stock valued at $30,796,000 after buying an additional 387,270 shares in the last quarter. Rock Creek Group LP lifted its position in Playa Hotels & Resorts by 59.0% in the 4th quarter. Rock Creek Group LP now owns 198,691 shares of the company’s stock worth $2,513,000 after buying an additional 73,691 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Playa Hotels & Resorts in the 4th quarter worth approximately $226,000. Finally, American Century Companies Inc. boosted its stake in Playa Hotels & Resorts by 8.9% in the fourth quarter. American Century Companies Inc. now owns 2,980,647 shares of the company’s stock worth $37,705,000 after buying an additional 244,584 shares in the last quarter. Institutional investors own 74.58% of the company’s stock.

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.