Hyatt Hotels (NYSE:H) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Hyatt Hotels Corporation (NYSE:H)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $165.96 and traded as high as $200.72. Hyatt Hotels shares last traded at $197.0970, with a volume of 793,061 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on H shares. Sanford C. Bernstein lifted their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Susquehanna reduced their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. JPMorgan Chase & Co. increased their target price on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Robert W. Baird raised their price target on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.40.

Hyatt Hotels Stock Performance

The business’s fifty day simple moving average is $179.96 and its 200-day simple moving average is $166.18. The firm has a market cap of $18.61 billion, a P/E ratio of -564.78 and a beta of 1.33. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were issued a $0.15 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is -171.43%.

Insider Activity

In related news, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the transaction, the director owned 31,225 shares in the company, valued at $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the sale, the insider directly owned 6,374 shares of the company’s stock, valued at $1,183,396.84. The trade was a 61.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 236,658 shares of company stock valued at $39,977,159. 23.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently bought and sold shares of the stock. Johnson Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after acquiring an additional 144 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares during the period. DV Equities LLC bought a new position in Hyatt Hotels in the fourth quarter worth $32,000. Finally, Ares Financial Consulting LLC purchased a new position in Hyatt Hotels during the fourth quarter valued at $34,000. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.