Playa Hotels & Resorts (PLYA) Earning Somewhat Positive News Coverage, Study Shows

News stories about Playa Hotels & Resorts (NASDAQ:PLYA) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Playa Hotels & Resorts earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.5389566677 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Playa Hotels & Resorts (NASDAQ PLYA) traded up $0.06 during mid-day trading on Wednesday, reaching $10.97. 453,327 shares of the company’s stock traded hands, compared to its average volume of 357,367. The company has a quick ratio of 1.42, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. Playa Hotels & Resorts has a 12-month low of $9.41 and a 12-month high of $12.27. The firm has a market cap of $1,174.09 and a price-to-earnings ratio of -181.83.

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Thursday, March 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.10. Playa Hotels & Resorts had a negative net margin of 0.04% and a positive return on equity of 5.24%. The firm had revenue of $126.54 million for the quarter, compared to analyst estimates of $124.85 million. equities analysts expect that Playa Hotels & Resorts will post 0.21 earnings per share for the current fiscal year.

Several equities research analysts recently commented on PLYA shares. BidaskClub raised shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research cut shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd. Finally, Nomura reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Playa Hotels & Resorts in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.89.

In other Playa Hotels & Resorts news, Director Hal Jones purchased 10,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $105,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen G. Haggerty acquired 23,000 shares of the stock in a transaction dated Friday, March 9th. The shares were purchased at an average price of $10.84 per share, for a total transaction of $249,320.00. The disclosure for this purchase can be found here. 2.74% of the stock is currently owned by insiders.

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About Playa Hotels & Resorts

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.

Insider Buying and Selling by Quarter for Playa Hotels & Resorts (NASDAQ:PLYA)

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