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

Hyatt Hotels (NYSE:H) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Several other equities analysts also recently commented on H. Barclays increased their target price on Hyatt Hotels from $119.00 to $128.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Morgan Stanley downgraded Hyatt Hotels from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $149.00 to $156.00 in a research report on Monday, March 11th. Truist Financial increased their target price on Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Robert W. Baird increased their price target on Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, February 13th. Finally, Evercore ISI reissued an “in-line” rating and issued a $135.00 price target on shares of Hyatt Hotels in a research note on Monday, February 5th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $140.53.

Hyatt Hotels Price Performance

NYSE H traded down $0.94 during midday trading on Wednesday, hitting $148.81. The company had a trading volume of 679,566 shares, compared to its average volume of 688,362. The company has a market capitalization of $15.05 billion, a PE ratio of 72.94, a P/E/G ratio of 21.69 and a beta of 1.49. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $150.66 and a 200-day moving average price of $129.72. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $161.50.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm earned $2.55 EPS. As a group, analysts anticipate that Hyatt Hotels will post 3.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Joan Bottarini sold 4,250 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $128.72, for a total value of $547,060.00. Following the sale, the insider now directly owns 11,301 shares in the company, valued at $1,454,664.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Joan Bottarini sold 4,250 shares of Hyatt Hotels stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $128.72, for a total value of $547,060.00. Following the completion of the transaction, the insider now directly owns 11,301 shares in the company, valued at $1,454,664.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,077,803 shares of company stock worth $325,526,849 over the last ninety days. 21.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds have recently added to or reduced their stakes in H. First Manhattan CO. LLC. bought a new stake in Hyatt Hotels during the first quarter worth about $25,000. Quarry LP bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $27,000. Janiczek Wealth Management LLC lifted its stake in shares of Hyatt Hotels by 597.5% in the 3rd quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at about $34,000. Institutional investors own 71.02% of the company’s stock.

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.