Insider Selling: Hyatt Hotels (NYSE:H) Insider Sells 10,217 Shares of Stock

by · The Markets Daily

Hyatt Hotels Corporation (NYSE:H – Get Free Report) insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the sale, the insider directly owned 6,374 shares in the company, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hyatt Hotels Stock Performance

NYSE:H traded up $2.14 during trading hours on Monday, reaching $183.50. The company had a trading volume of 877,491 shares, compared to its average volume of 861,894. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. Hyatt Hotels Corporation has a 1-year low of $127.54 and a 1-year high of $188.50. The business’s 50 day moving average price is $161.30 and its 200-day moving average price is $160.97. The firm has a market cap of $17.28 billion, a PE ratio of -524.27 and a beta of 1.33.

Hyatt Hotels (NYSE:H – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company earned $0.46 EPS. Research analysts forecast that Hyatt Hotels Corporation will post 3.49 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s payout ratio is presently -171.43%.

Analyst Upgrades and Downgrades

H has been the topic of a number of analyst reports. Citigroup raised their target price on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research report on Friday. Sanford C. Bernstein raised their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Mizuho upped their target price on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average price target of $191.00.

Check Out Our Latest Research Report on H

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels in the 4th quarter valued at $26,000. Johnson Financial Group Inc. raised its position in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after buying an additional 144 shares during the last quarter. DV Equities LLC acquired a new position in Hyatt Hotels during the fourth quarter worth about $32,000. Ares Financial Consulting LLC purchased a new stake in Hyatt Hotels during the 4th quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after acquiring an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

(Get Free Report)

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.

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