Hyatt Hotels (NYSE:H) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Hyatt Hotels (NYSE:H – Get Rating) in a research report sent to investors on Thursday. The firm issued a hold rating on the stock.

Other analysts have also recently issued reports about the company. Morgan Stanley lifted their price target on Hyatt Hotels from $138.00 to $139.00 and gave the stock an overweight rating in a report on Wednesday, March 1st. Redburn Partners initiated coverage on Hyatt Hotels in a report on Wednesday, November 30th. They issued a buy rating for the company. TheStreet cut Hyatt Hotels from a b- rating to a c rating in a report on Wednesday, December 21st. Truist Financial lifted their price objective on Hyatt Hotels from $132.00 to $145.00 and gave the company a buy rating in a report on Tuesday, February 21st. Finally, Robert W. Baird lifted their price objective on Hyatt Hotels from $112.00 to $124.00 in a report on Tuesday, March 7th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $121.57.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $106.14 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.66. Hyatt Hotels has a 12 month low of $70.12 and a 12 month high of $125.07. The stock has a 50 day moving average of $111.21 and a 200-day moving average of $97.81. The company has a market capitalization of $11.28 billion, a P/E ratio of 25.76 and a beta of 1.37.

Hyatt Hotels (NYSE:H – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported $2.55 EPS for the quarter, topping the consensus estimate of $0.32 by $2.23. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.52 billion. Hyatt Hotels had a return on equity of 10.22% and a net margin of 7.72%. The firm’s revenue for the quarter was up 47.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.78) EPS. As a group, equities research analysts predict that Hyatt Hotels will post 2.61 EPS for the current year.

Insider Activity

In other news, Director Cary D. Mcmillan sold 1,790 shares of Hyatt Hotels stock in a transaction on Friday, February 17th. The stock was sold at an average price of $113.93, for a total value of $203,934.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Cary D. Mcmillan sold 1,790 shares of the business’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $113.93, for a total transaction of $203,934.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider H. Charles Floyd sold 33,067 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $112.51, for a total value of $3,720,368.17. Following the sale, the insider now owns 31,242 shares in the company, valued at approximately $3,515,037.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,860 shares of company stock worth $6,367,941. Insiders own 21.24% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of H. Money Concepts Capital Corp grew its position in shares of Hyatt Hotels by 335.2% in the 4th quarter. Money Concepts Capital Corp now owns 383 shares of the company’s stock valued at $35,000 after buying an additional 295 shares during the last quarter. Heritage Wealth Management LLC bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at about $37,000. Wipfli Financial Advisors LLC bought a new stake in shares of Hyatt Hotels in the 3rd quarter valued at about $40,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $44,000. Finally, Captrust Financial Advisors grew its position in shares of Hyatt Hotels by 136.4% in the 1st quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock valued at $46,000 after buying an additional 281 shares during the last quarter. Institutional investors own 46.89% of the company’s stock.

Hyatt Hotels Company Profile

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Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.