Hyatt Hotels Corporation (H) Insider Sells $2,895,098.13 in Stock
Hyatt Hotels Corporation (NYSE:H) insider Stephen G. Haggerty sold 46,869 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $61.77, for a total transaction of $2,895,098.13. Following the transaction, the insider now directly owns 32,125 shares of the company’s stock, valued at $1,984,361.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Hyatt Hotels Corporation (H) traded up 0.34% during trading on Wednesday, reaching $61.91. 613,498 shares of the company traded hands. Hyatt Hotels Corporation has a 12 month low of $47.96 and a 12 month high of $62.23. The company has a 50-day moving average of $60.52 and a 200-day moving average of $57.46. The stock has a market capitalization of $7.74 billion, a PE ratio of 31.05 and a beta of 1.24.
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, topping analysts’ consensus estimates of $0.35 by $0.17. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. During the same period in the prior year, the company posted $0.64 earnings per share. Analysts forecast that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
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A number of research firms have recently commented on H. BidaskClub downgraded shares of Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $61.00 price objective on shares of Hyatt Hotels Corporation in a report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price objective on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. FBR & Co reaffirmed an “outperform” rating and set a $66.00 price objective (up from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price objective (up from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Hyatt Hotels Corporation presently has an average rating of “Hold” and an average price target of $59.63.
Institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC acquired a new stake in Hyatt Hotels Corporation during the second quarter worth about $101,000. James Investment Research Inc. bought a new position in shares of Hyatt Hotels Corporation in the second quarter worth about $151,000. Federated Investors Inc. PA bought a new position in shares of Hyatt Hotels Corporation in the second quarter worth about $216,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Hyatt Hotels Corporation by 7.2% in 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 bought a new position in shares of Hyatt Hotels Corporation in the second quarter worth about $232,000. Hedge funds and other institutional investors own 30.68% of the company’s stock.
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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