Hyatt Hotels Corporation (NYSE:H) insider Elsinore Trust sold 157,476 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $61.48, for a total transaction of $9,681,624.48. Following the completion of the transaction, the insider now owns 32,125 shares in the company, valued at approximately $1,975,045. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Hyatt Hotels Corporation (NYSE H) opened at 62.52 on Friday. The stock has a 50 day moving average of $61.07 and a 200 day moving average of $57.90. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 31.35 and a beta of 1.24. Hyatt Hotels Corporation has a 1-year low of $48.47 and a 1-year high of $62.89.
Hyatt Hotels Corporation (NYSE:H) last released its earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.17. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same quarter last year, the business posted $0.64 earnings per share. On average, equities analysts forecast that Hyatt Hotels Corporation will post $1.59 EPS for the current year.
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Several research firms have recently weighed in on H. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $61.00 price objective on shares of Hyatt Hotels Corporation in a research note on Tuesday, October 17th. BidaskClub lowered shares of Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Wolfe Research upgraded shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. FBR & Co reiterated an “outperform” rating and issued a $66.00 price objective (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued 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 analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $59.63.
Institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC purchased a new position in Hyatt Hotels Corporation during the second quarter worth approximately $101,000. James Investment Research Inc. acquired a new stake in Hyatt Hotels Corporation during the second quarter worth $151,000. Federated Investors Inc. PA acquired a new stake in Hyatt Hotels Corporation during the second quarter worth $216,000. The Manufacturers Life Insurance Company increased its stake in Hyatt Hotels Corporation by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after acquiring an additional 272 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Hyatt Hotels Corporation during the second quarter worth $232,000. Hedge funds and other institutional investors own 31.06% of the company’s stock.
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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