Playa Hotels & Resorts NV (PLYA) Research Coverage Started at Citigroup Inc

Citigroup Inc began coverage on shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) in a research report report published on Friday, May 5th. The brokerage issued a neutral rating and a $11.50 target price on the stock.

A number of other analysts have also commented on the company. Nomura initiated coverage on Playa Hotels & Resorts NV in a research report on Wednesday, March 22nd. They issued a buy rating for the company. Instinet initiated coverage on Playa Hotels & Resorts NV in a research report on Wednesday, March 22nd. They issued a buy rating and a $13.00 target price for the company. Northland Securities initiated coverage on Playa Hotels & Resorts NV in a research report on Thursday, March 16th. They issued an outperform rating and a $14.75 target price for the company. Finally, Deutsche Bank AG initiated coverage on Playa Hotels & Resorts NV in a research report on Monday, April 24th. They issued a buy rating and a $14.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $13.31.

Shares of Playa Hotels & Resorts NV (NASDAQ:PLYA) traded up 0.30% during trading on Friday, reaching $10.18. The company had a trading volume of 101,650 shares. Playa Hotels & Resorts NV has a 52-week low of $9.45 and a 52-week high of $12.00. The company has a 50 day moving average of $10.35 and a 200-day moving average of $10.25. The firm’s market capitalization is $1.05 billion.

Playa Hotels & Resorts NV (NASDAQ:PLYA) last issued its earnings results on Monday, May 8th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.10. The company had revenue of $174.07 million during the quarter, compared to analyst estimates of $196.72 million. Equities analysts expect that Playa Hotels & Resorts NV will post $0.33 earnings per share for the current year.

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In related news, insider Kevin Froemming acquired 10,000 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was purchased at an average cost of $10.40 per share, with a total value of $104,000.00. Following the acquisition, the insider now owns 10,000 shares of the company’s stock, valued at approximately $104,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

A number of hedge funds have recently modified their holdings of the company. Jennison Associates LLC bought a new stake in shares of Playa Hotels & Resorts NV during the first quarter worth approximately $31,020,000. Bank of New York Mellon Corp bought a new stake in shares of Playa Hotels & Resorts NV during the first quarter worth approximately $1,983,000. TD Asset Management Inc. bought a new stake in shares of Playa Hotels & Resorts NV during the first quarter worth approximately $33,342,000. Levin Capital Strategies L.P. bought a new stake in shares of Playa Hotels & Resorts NV during the first quarter worth approximately $2,017,000. Finally, Silver Capital Management LLC bought a new stake in shares of Playa Hotels & Resorts NV during the first quarter worth approximately $454,000.

About Playa Hotels & Resorts NV

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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