Somewhat Favorable News Coverage Somewhat Unlikely to Affect Playa Hotels & Resorts (PLYA) Stock Price

News headlines about Playa Hotels & Resorts (NASDAQ:PLYA) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Playa Hotels & Resorts earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.1857267116016 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of NASDAQ:PLYA traded down $0.01 during trading on Tuesday, reaching $10.31. 831 shares of the company’s stock traded hands, compared to its average volume of 219,113. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.16. Playa Hotels & Resorts has a 12 month low of $9.41 and a 12 month high of $11.94. The company has a market cap of $1.35 billion, a PE ratio of 27.11 and a beta of -0.17.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Monday, August 6th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. The business had revenue of $145.57 million during the quarter, compared to the consensus estimate of $144.83 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts forecast that Playa Hotels & Resorts will post 0.44 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on PLYA shares. Deutsche Bank reissued a “buy” rating on shares of Playa Hotels & Resorts in a research report on Tuesday, July 10th. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, June 26th. Finally, BidaskClub raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, June 25th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $14.19.

In other news, Director Karl Mr. Peterson bought 50,000 shares of Playa Hotels & Resorts stock in a transaction on Friday, August 10th. The stock was purchased at an average cost of $10.35 per share, with a total value of $517,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Ryan Paul Hymel sold 2,922 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $10.50, for a total transaction of $30,681.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,483 shares of company stock valued at $110,147. Insiders own 3.67% of the company’s stock.

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.

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