Playa Hotels & Resorts NV (NASDAQ:PLYA) – Stock analysts at SunTrust Banks dropped their FY2019 EPS estimates for Playa Hotels & Resorts in a research report issued on Monday, August 12th. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings per share of $0.08 for the year, down from their previous estimate of $0.13. SunTrust Banks currently has a “Buy” rating and a $11.00 price target on the stock. SunTrust Banks also issued estimates for Playa Hotels & Resorts’ Q1 2020 earnings at $0.27 EPS, Q2 2020 earnings at $0.01 EPS, Q1 2021 earnings at $0.38 EPS and Q2 2021 earnings at $0.06 EPS.
Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $164.02 million for the quarter, compared to analyst estimates of $160.71 million. Playa Hotels & Resorts had a net margin of 3.72% and a return on equity of 4.47%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS.
PLYA has been the topic of several other research reports. Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. TheStreet raised shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Wednesday, May 15th. BidaskClub lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, Deutsche Bank set a $13.00 target price on shares of Playa Hotels & Resorts and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Playa Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $10.55.
Shares of NASDAQ PLYA opened at $7.51 on Wednesday. The firm has a market capitalization of $963.13 million, a PE ratio of 23.47 and a beta of 0.40. The company has a current ratio of 1.33, a quick ratio of 1.23 and a debt-to-equity ratio of 1.14. Playa Hotels & Resorts has a 1 year low of $5.98 and a 1 year high of $10.83. The firm’s 50-day moving average is $7.47 and its 200-day moving average is $7.84.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. boosted its position in Playa Hotels & Resorts by 12.6% during the second quarter. UBS Asset Management Americas Inc. now owns 27,599 shares of the company’s stock worth $213,000 after purchasing an additional 3,088 shares during the period. Cubist Systematic Strategies LLC boosted its position in Playa Hotels & Resorts by 403.9% during the second quarter. Cubist Systematic Strategies LLC now owns 58,678 shares of the company’s stock worth $452,000 after purchasing an additional 47,033 shares during the period. Vanguard Group Inc. boosted its position in Playa Hotels & Resorts by 2.3% during the second quarter. Vanguard Group Inc. now owns 939,653 shares of the company’s stock worth $7,244,000 after purchasing an additional 21,120 shares during the period. Ellington Management Group LLC bought a new position in Playa Hotels & Resorts during the second quarter worth $90,000. Finally, A.R.T. Advisors LLC bought a new position in Playa Hotels & Resorts during the second quarter worth $179,000. 69.52% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Brandon B. Buhler sold 4,911 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $8.12, for a total value of $39,877.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.67% of the stock is currently owned by company insiders.
About Playa Hotels & Resorts
Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.
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