Hyatt Hotels (NYSE:H) Upgraded at Hsbc Global Res

Hyatt Hotels (NYSE:H) was upgraded by equities researchers at Hsbc Global Res to a “hold” rating in a report released on Friday, Zacks.com reports.

A number of other brokerages have also recently commented on H. Macquarie reduced their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird set a $157.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Morgan Stanley cut their price target on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Evercore ISI increased their target price on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $151.62.

Hyatt Hotels Stock Down 0.3 %

H stock opened at $145.04 on Friday. The company’s 50 day moving average is $150.93 and its 200 day moving average is $148.93. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last issued 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. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.75% and a net margin of 20.55%. During the same quarter in the previous year, the company posted $0.70 earnings per share. Sell-side analysts predict that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the 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 sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in 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 acquiring an additional 199,773 shares during the period. Interval Partners LP lifted its position in 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 purchasing an additional 182,297 shares during the period. Principal Financial Group Inc. boosted its holdings in 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 purchasing an additional 162,562 shares during the last quarter. Millennium Management LLC grew its position in Hyatt Hotels by 700.5% in the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after purchasing an additional 107,412 shares during the period. Finally, Natixis purchased a new stake in Hyatt Hotels during the 1st quarter valued at $14,074,000. 71.02% of the stock is 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.