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

Hyatt Hotels (NYSE:H) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other analysts also recently issued reports on the stock. Redburn Atlantic downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $120.00 to $130.00 in a research note on Tuesday, January 16th. Morgan Stanley downgraded Hyatt Hotels from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $149.00 to $156.00 in a research report on Monday, March 11th. Evercore ISI reiterated an “in-line” rating and issued a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Truist Financial boosted their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada raised their price target on shares of Hyatt Hotels from $37.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $143.19.

Hyatt Hotels Price Performance

H stock traded up $0.88 during mid-day trading on Monday, hitting $151.38. The company had a trading volume of 454,560 shares, compared to its average volume of 658,023. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 74.21, a P/E/G ratio of 21.47 and a beta of 1.49. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $161.50. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $154.57 and a 200 day moving average price of $133.60.

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

Insider Buying and Selling at Hyatt Hotels

In related news, insider Traubert Foundation Pritzker sold 704,229 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $157.97, for a total transaction of $111,247,055.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the transaction, the insider now owns 16,104 shares in the company, valued at approximately $2,398,207.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Traubert Foundation Pritzker sold 704,229 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $157.97, for a total value of $111,247,055.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,084,248 shares of company stock valued at $326,572,489. 23.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in Hyatt Hotels during the first quarter worth $2,097,000. Duality Advisers LP acquired a new stake in shares of Hyatt Hotels in the first quarter valued at about $1,850,000. Texas Permanent School Fund Corp raised its position in shares of Hyatt Hotels by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 38,702 shares of the company’s stock valued at $6,178,000 after buying an additional 506 shares during the last quarter. Embree Financial Group acquired a new stake in shares of Hyatt Hotels in the first quarter valued at about $200,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Hyatt Hotels by 152.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the company’s stock valued at $551,000 after buying an additional 2,084 shares during the last quarter. 71.02% of the stock is currently owned by institutional investors and hedge funds.

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.