Playa Hotels & Resorts (NASDAQ:PLYA) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts (NASDAQ:PLYA) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, MarketBeat reports. They currently have $13.50 price target on the stock, down from their previous price target of $15.00.

A number of other equities research analysts have also recently weighed in on the company. Truist Financial reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Oppenheimer lifted their price objective on Playa Hotels & Resorts from $10.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.10.

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA opened at $13.37 on Tuesday. Playa Hotels & Resorts has a 52 week low of $6.95 and a 52 week high of $13.38. 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 capitalization of $1.63 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.83 and a beta of 1.54. The stock’s fifty day moving average is $11.98 and its two-hundred day moving average is $9.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its stake in Playa Hotels & Resorts by 86.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,372 shares of the company’s stock worth $119,000 after purchasing an additional 4,342 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new position in Playa Hotels & Resorts during the 4th quarter worth $126,000. KLP Kapitalforvaltning AS acquired a new position in Playa Hotels & Resorts during the 4th quarter worth $226,000. Barclays PLC grew its stake in Playa Hotels & Resorts by 993.7% during the 3rd quarter. Barclays PLC now owns 21,240 shares of the company’s stock worth $165,000 after purchasing an additional 19,298 shares in the last quarter. Finally, EMC Capital Management grew its stake in Playa Hotels & Resorts by 193.5% during the 4th quarter. EMC Capital Management now owns 24,632 shares of the company’s stock worth $312,000 after purchasing an additional 16,240 shares in the last quarter. 74.58% of the stock is owned by institutional investors and hedge funds.

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.