A number of other research firms have also weighed in on H. Vetr raised shares of Hyatt Hotels Corp. from a sell rating to a hold rating and set a $50.60 price objective for the company in a research report on Monday, September 12th. Wells Fargo & Co. lowered shares of Hyatt Hotels Corp. from an outperform rating to a market perform rating in a research report on Tuesday, June 14th. Morgan Stanley lowered shares of Hyatt Hotels Corp. from an equal weight rating to an underweight rating and set a $46.00 price objective for the company. in a research report on Monday. Citigroup Inc. boosted their price objective on shares of Hyatt Hotels Corp. from $50.00 to $55.00 and gave the company a neutral rating in a research report on Thursday, August 11th. Finally, Stifel Nicolaus lowered shares of Hyatt Hotels Corp. from a buy rating to a hold rating in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $53.24.
Hyatt Hotels Corp. (NYSE:H) opened at 48.81 on Monday. The firm has a 50-day moving average of $52.10 and a 200 day moving average of $49.50. The stock has a market cap of $6.49 billion, a PE ratio of 41.58 and a beta of 1.50. Hyatt Hotels Corp. has a 12 month low of $34.06 and a 12 month high of $54.82.
Hyatt Hotels Corp. (NYSE:H) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. Hyatt Hotels Corp. had a net margin of 3.69% and a return on equity of 4.78%. During the same period in the prior year, the firm earned $0.28 EPS. Analysts anticipate that Hyatt Hotels Corp. will post $1.48 EPS for the current year.
In other Hyatt Hotels Corp. news, insider David Udell sold 7,344 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $52.26, for a total transaction of $383,797.44. Following the transaction, the insider now directly owns 7,582 shares in the company, valued at approximately $396,235.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 25.50% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Hyatt Hotels Corp. during the fourth quarter worth $9,329,000. Aperio Group LLC boosted its stake in shares of Hyatt Hotels Corp. by 23.3% in the first quarter. Aperio Group LLC now owns 23,808 shares of the company’s stock worth $1,178,000 after buying an additional 4,500 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Hyatt Hotels Corp. by 13.0% in the first quarter. TIAA CREF Investment Management LLC now owns 585,564 shares of the company’s stock worth $28,980,000 after buying an additional 67,466 shares during the period. Teachers Advisors Inc. boosted its stake in shares of Hyatt Hotels Corp. by 94.6% in the first quarter. Teachers Advisors Inc. now owns 59,012 shares of the company’s stock worth $2,921,000 after buying an additional 28,681 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Hyatt Hotels Corp. by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 137,460 shares of the company’s stock worth $6,802,000 after buying an additional 6,182 shares during the period. 17.67% of the stock is currently owned by institutional investors.
About Hyatt Hotels Corp.
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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