SunTrust Banks, Inc. reaffirmed their hold rating on shares of Hyatt Hotels Corporation (NYSE:H) in a research note published on Tuesday, October 17th. The brokerage currently has a $61.00 target price on the stock.
A number of other equities research analysts have also weighed in on H. BidaskClub lowered Hyatt Hotels Corporation from a hold rating to a sell rating in a research report on Thursday, July 6th. Robert W. Baird restated a buy rating and set a $68.00 price target on shares of Hyatt Hotels Corporation in a research report on Friday, September 8th. Wolfe Research upgraded Hyatt Hotels Corporation from an underperform rating to a market perform rating in a research report on Monday, July 10th. FBR & Co restated an outperform rating and set a $66.00 price target (up from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a hold rating and set a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $59.63.
Hyatt Hotels Corporation (H) traded down 0.13% during trading on Tuesday, hitting $62.37. The stock had a trading volume of 268,877 shares. The firm’s 50-day moving average price is $61.07 and its 200-day moving average price is $57.90. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 31.28 and a beta of 1.24. Hyatt Hotels Corporation has a 52-week low of $48.47 and a 52-week high of $62.89.
Hyatt Hotels Corporation (NYSE:H) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.17. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company earned $0.64 EPS. Analysts predict that Hyatt Hotels Corporation will post $1.59 EPS for the current fiscal year.
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In other news, insider Stephen G. Haggerty sold 46,869 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $61.77, for a total value of $2,895,098.13. Following the sale, the insider now directly owns 32,125 shares in the company, valued at $1,984,361.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Don G.C. Trust #8 sold 42,146 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $59.55, for a total value of $2,509,794.30. Following the completion of the sale, the insider now owns 42,146 shares in the company, valued at $2,509,794.30. The disclosure for this sale can be found here. Insiders have sold 8,938,681 shares of company stock valued at $515,694,337 in the last three months. 27.51% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in Hyatt Hotels Corporation by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after purchasing an additional 84 shares in the last quarter. Amalgamated Bank boosted its position in Hyatt Hotels Corporation by 2.0% during the 1st quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after acquiring an additional 91 shares in the last quarter. Utah Retirement Systems boosted its position in Hyatt Hotels Corporation by 1.7% during the 2nd quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock valued at $342,000 after acquiring an additional 100 shares in the last quarter. State of Wisconsin Investment Board boosted its position in Hyatt Hotels Corporation by 3.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock valued at $377,000 after acquiring an additional 240 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Hyatt Hotels Corporation by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after acquiring an additional 272 shares in the last quarter. 31.06% of the stock is currently owned by institutional investors.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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