Hyatt Hotels (NYSE:H) Raised to “Hold” at StockNews.com

Hyatt Hotels (NYSE:H) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also commented on H. Morgan Stanley lowered Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $149.00 to $156.00 in a research report on Monday, March 11th. Jefferies Financial Group lifted their price target on Hyatt Hotels from $104.00 to $127.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Redburn Atlantic downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $120.00 to $130.00 in a research note on Tuesday, January 16th. Evercore ISI reissued an “in-line” rating and issued a $135.00 price objective on shares of Hyatt Hotels in a research note on Monday, February 5th. Finally, Barclays raised their price objective on shares of Hyatt Hotels from $119.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $140.53.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $0.94 during trading on Wednesday, reaching $148.81. 679,566 shares of the stock traded hands, compared to its average volume of 688,362. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 72.94, a P/E/G ratio of 21.69 and a beta of 1.49. The business has a fifty day simple moving average of $150.66 and a two-hundred day simple moving average of $129.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. Hyatt Hotels has a 52-week low of $96.77 and a 52-week high of $161.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same quarter last year, the business posted $2.55 earnings per share. Sell-side analysts expect that Hyatt Hotels will post 3.24 EPS for the current year.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 75,457 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total value of $11,957,670.79. Following the completion of the transaction, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 75,457 shares of Hyatt Hotels stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total value of $11,957,670.79. Following the transaction, the insider now directly owns 459,000 shares of the company’s stock, valued at $72,737,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Traubert Foundation Pritzker sold 704,229 shares of Hyatt Hotels stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The disclosure for this sale can be found here. Insiders sold 2,077,803 shares of company stock valued at $325,526,849 over the last 90 days. Corporate insiders own 21.24% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of H. Artemis Investment Management LLP purchased a new stake in shares of Hyatt Hotels during the first quarter valued at $48,302,000. Transform Wealth LLC grew its holdings in shares of Hyatt Hotels by 7.4% during the first quarter. Transform Wealth LLC now owns 40,367 shares of the company’s stock valued at $6,443,000 after buying an additional 2,788 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Hyatt Hotels during the first quarter valued at $27,000. Gulf International Bank UK Ltd grew its holdings in shares of Hyatt Hotels by 5.0% during the first quarter. Gulf International Bank UK Ltd now owns 5,309 shares of the company’s stock valued at $847,000 after buying an additional 252 shares during the last quarter. Finally, Emprise Bank purchased a new stake in shares of Hyatt Hotels during the first quarter valued at $319,000. 71.02% of the stock is owned by hedge funds and other institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.