Hyatt Hotels (NYSE:H) Releases Earnings Results

Hyatt Hotels (NYSE:H) released its quarterly earnings data on Thursday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79), Zacks reports. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. Hyatt Hotels’s revenue was up 9.6% compared to the same quarter last year.

Hyatt Hotels Stock Up 6.2%

Hyatt Hotels stock traded up $8.58 during mid-day trading on Thursday, hitting $146.58. The company had a trading volume of 2,104,749 shares, compared to its average volume of 948,928. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 2.54 and a beta of 1.43. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The business has a fifty day moving average of $143.89 and a 200 day moving average of $138.38.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.60 annualized dividend and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is 14.25%.

Analysts Set New Price Targets

Several brokerages recently issued reports on H. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their price target for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Monday, July 14th. Barclays reduced their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Truist Financial boosted their price target on shares of Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, Robert W. Baird boosted their price target on shares of Hyatt Hotels from $150.00 to $154.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and an average price target of $156.53.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the transaction, the insider directly owned 16,756 shares in the company, valued at $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its position in Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after buying an additional 562,611 shares during the last quarter. Par Capital Management Inc. lifted its holdings in Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after acquiring an additional 314,300 shares during the period. Rush Island Management LP lifted its holdings in Hyatt Hotels by 49.0% in the second quarter. Rush Island Management LP now owns 497,517 shares of the company’s stock valued at $69,478,000 after acquiring an additional 163,501 shares during the period. Alliancebernstein L.P. lifted its holdings in Hyatt Hotels by 19.3% in the second quarter. Alliancebernstein L.P. now owns 671,416 shares of the company’s stock valued at $93,763,000 after acquiring an additional 108,640 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in Hyatt Hotels in the second quarter valued at $11,408,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Company Profile

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.