Hyatt Hotels (NYSE:H) Stock Passes Above 200 Day Moving Average – What’s Next?

Hyatt Hotels Co. (NYSE:H) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $151.36 and traded as high as $158.97. Hyatt Hotels shares last traded at $156.98, with a volume of 264,120 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on H shares. Robert W. Baird increased their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Hyatt Hotels from $163.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Mizuho cut their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company lowered their target price on shares of Hyatt Hotels from $178.00 to $172.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and an average price target of $152.88.

Hyatt Hotels Trading Down 0.7 %

The stock has a 50 day simple moving average of $156.23 and a 200-day simple moving average of $151.40. 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 has a market capitalization of $15.08 billion, a P/E ratio of 11.83 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the company earned $0.70 earnings per share. On average, equities research analysts forecast that Hyatt Hotels Co. will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently made changes to their positions in H. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. increased its holdings in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in Hyatt Hotels during the 3rd quarter valued at approximately $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Hyatt Hotels by 31.1% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 485 shares of the company’s stock worth $74,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 73.54% 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.