Hyatt Hotels (NYSE:H) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a report published on Monday.

Other equities analysts have also issued research reports about the stock. Evercore ISI lifted their price target on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Susquehanna reduced their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Macquarie cut their price objective on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays decreased their target price on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Cfra set a $155.00 price objective on shares of Hyatt Hotels in a research note on Thursday, October 17th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $151.57.

Hyatt Hotels Trading Down 1.4 %

Shares of Hyatt Hotels stock opened at $143.07 on Monday. The firm has a market capitalization of $14.35 billion, a PE ratio of 10.78 and a beta of 1.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $150.93 and its 200 day moving average is $148.92. Hyatt Hotels has a 1 year low of $102.62 and a 1 year high of $162.24.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business earned $0.70 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.87 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s payout ratio is 4.52%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in H. Allspring Global Investments Holdings LLC raised its stake in shares of Hyatt Hotels by 333.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after purchasing an additional 199,773 shares during the period. Interval Partners LP increased its position in shares of Hyatt Hotels by 314.1% during the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after buying an additional 182,297 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after buying an additional 162,562 shares in the last quarter. Millennium Management LLC boosted its position in shares of Hyatt Hotels by 700.5% in the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock valued at $18,648,000 after acquiring an additional 107,412 shares during the period. Finally, Natixis purchased a new position in Hyatt Hotels during the first quarter valued at approximately $14,074,000. 71.02% of the stock is currently owned by 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.