Citigroup upgraded shares of Hyatt Hotels (NYSE:H) from a neutral rating to a buy rating in a report published on Thursday morning. The firm currently has $82.00 price objective on the stock.

A number of other equities analysts have also issued reports on H. MKM Partners upgraded shares of Hyatt Hotels from a neutral rating to a buy rating and set a $79.00 target price for the company in a research report on Thursday, December 7th. SunTrust Banks reiterated a hold rating and issued a $61.00 target price on shares of Hyatt Hotels in a research report on Tuesday, October 17th. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $61.00 to $67.00 and gave the company a hold rating in a report on Monday, November 6th. Robert W. Baird set a $70.00 price target on shares of Hyatt Hotels and gave the company a buy rating in a report on Sunday, October 29th. Finally, B. Riley downgraded shares of Hyatt Hotels from a buy rating to a neutral rating and set a $70.00 price target for the company. in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Hyatt Hotels currently has a consensus rating of Hold and an average target price of $70.55.

Hyatt Hotels (NYSE:H) traded up $0.90 during trading on Thursday, hitting $71.25. 1,293,500 shares of the stock traded hands, compared to its average volume of 764,105. The company has a market capitalization of $8,411.82, a price-to-earnings ratio of 39.31, a P/E/G ratio of 10.06 and a beta of 1.25. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. Hyatt Hotels has a fifty-two week low of $50.21 and a fifty-two week high of $73.33.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same quarter in the prior year, the firm earned $0.47 earnings per share. research analysts expect that Hyatt Hotels will post 1.73 earnings per share for the current year.

Hyatt Hotels announced that its board has initiated a share repurchase program on Thursday, December 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

In related news, insider Stephen G. Haggerty sold 7,117 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $61.60, for a total value of $438,407.20. Following the transaction, the insider now owns 57,326 shares in the company, valued at $3,531,281.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen G. Haggerty sold 46,869 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $61.77, for a total value of $2,895,098.13. Following the completion of the transaction, the insider now owns 32,125 shares in the company, valued at approximately $1,984,361.25. The disclosure for this sale can be found here. Insiders sold 1,000,001 shares of company stock valued at $68,120,268 over the last three months. 27.51% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Cibc World Markets Corp acquired a new stake in shares of Hyatt Hotels in the second quarter worth $37,099,000. BNP Paribas Arbitrage SA grew its stake in shares of Hyatt Hotels by 485.2% in the second quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock worth $35,129,000 after acquiring an additional 518,164 shares during the last quarter. Gruss Capital Management LP grew its stake in shares of Hyatt Hotels by 316.1% in the third quarter. Gruss Capital Management LP now owns 645,000 shares of the company’s stock worth $39,855,000 after acquiring an additional 490,000 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Hyatt Hotels in the second quarter worth $478,000. Finally, Long Pond Capital LP grew its stake in shares of Hyatt Hotels by 14.1% in the third quarter. Long Pond Capital LP now owns 3,035,548 shares of the company’s stock worth $187,567,000 after acquiring an additional 374,704 shares during the last quarter. Institutional investors own 38.83% of the company’s stock.

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Hyatt Hotels 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).

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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