Hyatt Hotels Corporation (NYSE:H) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
Several other brokerages also recently issued reports on H. Zacks Investment Research upgraded Hyatt Hotels Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 6th. Citigroup Inc. restated a “neutral” rating on shares of Hyatt Hotels Corporation in a research report on Thursday, May 11th. Stifel Nicolaus upped their price objective on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the company a “hold” rating in a research report on Monday, May 15th. FBR & Co restated a “buy” rating and issued a $63.00 price objective on shares of Hyatt Hotels Corporation in a research report on Friday, May 5th. Finally, Guggenheim initiated coverage on Hyatt Hotels Corporation in a research report on Wednesday, April 26th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.56.
Shares of Hyatt Hotels Corporation (NYSE:H) opened at 55.74 on Thursday. Hyatt Hotels Corporation has a 52 week low of $47.94 and a 52 week high of $59.30. The firm has a 50 day moving average price of $57.56 and a 200-day moving average price of $55.39. The firm has a market capitalization of $6.99 billion, a P/E ratio of 30.78 and a beta of 1.28.
Hyatt Hotels Corporation (NYSE:H) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.49. Hyatt Hotels Corporation had a return on equity of 7.25% and a net margin of 5.30%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business earned $0.25 earnings per share. Equities research analysts predict that Hyatt Hotels Corporation will post $1.44 EPS for the current fiscal year.
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In other Hyatt Hotels Corporation news, insider H. Charles Floyd sold 15,000 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $57.00, for a total transaction of $855,000.00. Following the completion of the sale, the insider now directly owns 79,263 shares in the company, valued at $4,517,991. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $57.53, for a total value of $230,120,000.00. The disclosure for this sale can be found here. Insiders have sold 4,072,240 shares of company stock valued at $234,307,411 over the last 90 days. 25.50% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. Nuveen Asset Management LLC raised its stake in shares of Hyatt Hotels Corporation by 15.4% in the first quarter. Nuveen Asset Management LLC now owns 206,646 shares of the company’s stock valued at $11,155,000 after buying an additional 27,600 shares in the last quarter. UBS Oconnor LLC purchased a new stake in shares of Hyatt Hotels Corporation during the first quarter valued at approximately $25,108,000. Goldman Sachs Group Inc. raised its stake in shares of Hyatt Hotels Corporation by 45.6% in the first quarter. Goldman Sachs Group Inc. now owns 436,058 shares of the company’s stock valued at $23,538,000 after buying an additional 136,605 shares in the last quarter. Engine Capital Management LLC raised its stake in shares of Hyatt Hotels Corporation by 1,708.3% in the first quarter. Engine Capital Management LLC now owns 10,000 shares of the company’s stock valued at $540,000 after buying an additional 9,447 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Hyatt Hotels Corporation during the first quarter valued at approximately $810,000. Institutional investors own 30.98% of the company’s stock.
Hyatt Hotels Corporation Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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