Hyatt Hotels (NYSE:H) Rating Lowered to Sell at StockNews.com

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

H has been the subject of several other research reports. Truist Financial cut their price objective on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Sanford C. Bernstein upped their target price on Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Mizuho upped their target price on Hyatt Hotels from $195.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. TD Cowen upped their target price on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Finally, Stifel Nicolaus upped their target price on Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $150.69.

Hyatt Hotels Stock Up 0.5 %

Shares of NYSE H opened at $149.44 on Wednesday. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $161.50. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 23.20 and a beta of 1.51. The business has a 50-day moving average of $148.85 and a 200-day moving average of $144.41.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm posted $0.41 EPS. Sell-side analysts expect that Hyatt Hotels will post 3.48 earnings per share for the current fiscal year.

Insider Activity at Hyatt Hotels

In related news, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the transaction, the insider now owns 15,799 shares in the company, valued at $2,338,252. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the transaction, the insider now owns 15,799 shares in the company, valued at $2,338,252. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the transaction, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Insiders sold a total of 12,189 shares of company stock worth $1,815,619 over the last quarter. 23.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in Hyatt Hotels in the fourth quarter worth $1,472,000. Whittier Trust Co. grew its stake in shares of Hyatt Hotels by 2.6% in the fourth quarter. Whittier Trust Co. now owns 49,812 shares of the company’s stock worth $6,496,000 after acquiring an additional 1,260 shares during the last quarter. State of Michigan Retirement System purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth $1,382,000. Vanguard Group Inc. grew its stake in shares of Hyatt Hotels by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after acquiring an additional 144,356 shares during the last quarter. Finally, Gulf International Bank UK Ltd grew its stake in shares of Hyatt Hotels by 8,771.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 5,057 shares of the company’s stock worth $659,000 after acquiring an additional 5,000 shares during the last quarter. 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.