Hyatt Hotels (NYSE:H) Shares Gap Down on Disappointing Earnings

Hyatt Hotels Co. (NYSE:H) shares gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $162.11, but opened at $150.92. Hyatt Hotels shares last traded at $147.41, with a volume of 563,852 shares traded.

The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period last year, the business earned $0.64 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Macquarie cut their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Evercore ISI increased their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Barclays boosted their price objective on shares of Hyatt Hotels from $144.00 to $161.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $156.38.

Insider Transactions at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in H. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Hyatt Hotels in the third quarter worth approximately $30,000. Creative Planning increased its stake in shares of Hyatt Hotels by 7.1% in the 3rd quarter. Creative Planning now owns 4,544 shares of the company’s stock valued at $692,000 after acquiring an additional 300 shares in the last quarter. nVerses Capital LLC acquired a new stake in Hyatt Hotels in the third quarter worth $365,000. Generate Investment Management Ltd increased its stake in Hyatt Hotels by 3.3% in the third quarter. Generate Investment Management Ltd now owns 39,442 shares of the company’s stock valued at $6,003,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Down 9.0 %

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 stock’s 50-day moving average price is $157.19 and its 200-day moving average price is $152.46. The company has a market cap of $14.16 billion, a P/E ratio of 11.11 and a beta of 1.48.

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.