Playa Hotels & Resorts (NASDAQ:PLYA) Earns Coverage Optimism Rating of 0.19

Press coverage about Playa Hotels & Resorts (NASDAQ:PLYA) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public 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 impact score of 0.19 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.9036289984825 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of NASDAQ:PLYA traded up $0.06 during trading on Thursday, reaching $10.22. 151,729 shares of the stock traded hands, compared to its average volume of 336,863. Playa Hotels & Resorts has a 52-week low of $9.41 and a 52-week high of $12.27. The company has a quick ratio of 1.42, a current ratio of 1.50 and a debt-to-equity ratio of 1.50. The stock has a market cap of $1,139.88 and a price-to-earnings ratio of -170.17.

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

A number of research firms have recently commented on PLYA. BidaskClub upgraded shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a report on Thursday, January 11th. Nomura reiterated a “buy” rating and set a $16.00 price target on shares of Playa Hotels & Resorts in a report on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.04.

In related news, Director Stephen G. Haggerty acquired 23,000 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average price of $10.84 per share, for a total transaction of $249,320.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bruce D. Wardinski acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were bought at an average price of $10.95 per share, for a total transaction of $273,750.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 58,000 shares of company stock worth $628,070. 2.74% of the stock is owned by insiders.

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About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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

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