Hyatt Hotels Corporation (H) Insider Sells $7,721,368.68 in Stock
Hyatt Hotels Corporation (NYSE:H) insider Elsinore Trust sold 111,003 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $69.56, for a total transaction of $7,721,368.68. Following the transaction, the insider now directly owns 40,878 shares of the company’s stock, valued at approximately $2,843,473.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Elsinore Trust also recently made the following trade(s):
- On Tuesday, October 17th, Elsinore Trust sold 157,476 shares of Hyatt Hotels Corporation stock. The stock was sold at an average price of $61.48, for a total transaction of $9,681,624.48.
Shares of Hyatt Hotels Corporation (NYSE:H) opened at $69.88 on Friday. Hyatt Hotels Corporation has a one year low of $50.21 and a one year high of $70.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06. The company has a market cap of $8,520.00, a price-to-earnings ratio of 38.64, a P/E/G ratio of 9.89 and a beta of 1.20.
Hyatt Hotels Corporation (NYSE:H) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Hyatt Hotels Corporation had a net margin of 4.66% and a return on equity of 6.13%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $0.47 EPS. analysts predict that Hyatt Hotels Corporation will post 1.73 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in H. Acrospire Investment Management LLC purchased a new position in Hyatt Hotels Corporation during the 2nd quarter worth $101,000. James Investment Research Inc. purchased a new position in Hyatt Hotels Corporation during the 2nd quarter worth $151,000. Prudential Financial Inc. purchased a new position in Hyatt Hotels Corporation during the 3rd quarter worth $212,000. Federated Investors Inc. PA purchased a new position in Hyatt Hotels Corporation during the 2nd quarter worth $216,000. Finally, The Manufacturers Life Insurance Company grew its position in Hyatt Hotels Corporation by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after purchasing an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 31.46% of the company’s stock.
A number of research firms recently weighed in on H. Berenberg Bank raised shares of Hyatt Hotels Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.20 to $78.00 in a research report on Friday, November 10th. Stifel Nicolaus increased their target price on shares of Hyatt Hotels Corporation from $61.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, November 6th. B. Riley lowered shares of Hyatt Hotels Corporation from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Monday, November 6th. Wells Fargo & Company upgraded shares of Hyatt Hotels Corporation from a “market perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a report on Monday, November 6th. Finally, Morgan Stanley increased their target price on shares of Hyatt Hotels Corporation from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $66.50.
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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