Northland Securities reaffirmed their buy rating on shares of Playa Hotels & Resorts N.V. (NASDAQ:PLYA) in a research report released on Friday. The firm currently has a $14.75 target price on the stock.
PLYA has been the subject of a number of other reports. Zacks Investment Research downgraded Playa Hotels & Resorts N.V. from a hold rating to a sell rating in a research note on Wednesday, September 20th. Janney Montgomery Scott initiated coverage on Playa Hotels & Resorts N.V. in a research note on Thursday, September 7th. They set a buy rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $13.54.
Shares of Playa Hotels & Resorts N.V. (NASDAQ PLYA) traded down $0.14 on Friday, reaching $10.41. The company had a trading volume of 440,200 shares, compared to its average volume of 256,079. The company has a quick ratio of 1.82, a current ratio of 1.59 and a debt-to-equity ratio of 1.44. Playa Hotels & Resorts N.V. has a 52-week low of $9.81 and a 52-week high of $12.27.
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Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of Playa Hotels & Resorts N.V. by 128.1% in the third quarter. Wells Fargo & Company MN now owns 1,892,941 shares of the company’s stock worth $19,743,000 after purchasing an additional 1,063,085 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Playa Hotels & Resorts N.V. in the third quarter worth $777,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Playa Hotels & Resorts N.V. in the third quarter worth $206,000. Ameriprise Financial Inc. grew its stake in shares of Playa Hotels & Resorts N.V. by 11.7% in the third quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock worth $1,346,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Playa Hotels & Resorts N.V. by 231.9% in the third quarter. Sei Investments Co. now owns 119,097 shares of the company’s stock worth $1,242,000 after purchasing an additional 83,215 shares in the last quarter. 83.10% of the stock is owned by institutional investors.
About Playa Hotels & Resorts N.V.
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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