Hyatt Hotels Corporation (NYSE:H) insider Stephen G. Haggerty sold 46,869 shares of Hyatt Hotels Corporation stock in a transaction that occurred on Monday, October 16th. The shares were 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 approximately $1,984,361.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Hyatt Hotels Corporation (NYSE:H) traded up 0.11% on Friday, reaching $62.52. The company had a trading volume of 573,551 shares. The company has a 50 day moving average of $61.07 and a 200-day moving average of $57.90. The company has a market capitalization of $7.82 billion, a P/E ratio of 31.35 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 issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $0.64 earnings per share. Analysts predict that Hyatt Hotels Corporation will post $1.59 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Hyatt Hotels Corporation by 19.5% during the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock worth $155,055,000 after acquiring an additional 469,675 shares during the period. Marshall Wace North America L.P. increased its stake in shares of Hyatt Hotels Corporation by 35.8% in the second quarter. Marshall Wace North America L.P. now owns 952,368 shares of the company’s stock valued at $53,333,000 after purchasing an additional 251,253 shares during the period. AQR Capital Management LLC increased its stake in shares of Hyatt Hotels Corporation by 99.9% in the first quarter. AQR Capital Management LLC now owns 675,076 shares of the company’s stock valued at $36,441,000 after purchasing an additional 337,425 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Hyatt Hotels Corporation in the second quarter valued at approximately $37,099,000. Finally, Balyasny Asset Management LLC increased its stake in shares of Hyatt Hotels Corporation by 12.7% during the second quarter. Balyasny Asset Management LLC now owns 639,471 shares of the company’s stock valued at $35,945,000 after acquiring an additional 72,202 shares during the period. Hedge funds and other institutional investors own 31.06% of the company’s stock.
A number of equities analysts recently issued reports on H shares. Robert W. Baird restated a “buy” rating and set a $68.00 price objective on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. BidaskClub cut Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Deutsche Bank AG reiterated a “hold” rating and issued a $60.00 target price (up from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. FBR & Co reiterated an “outperform” rating and issued a $66.00 target price (up from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $59.63.
Hyatt Hotels Corporation Company Profile
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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