Insider Selling: Hyatt Hotels (NYSE:H) Insider Sells 8,682 Shares of Stock

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 8,682 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $172.00, for a total value of $1,493,304.00. Following the transaction, the insider owned 13,338 shares of the company’s stock, valued at $2,294,136. This trade represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hyatt Hotels Trading Up 5.2%

Shares of H traded up $8.63 during mid-day trading on Wednesday, reaching $173.03. 852,251 shares of the company were exchanged, compared to its average volume of 853,428. Hyatt Hotels Corporation has a 52 week low of $124.82 and a 52 week high of $180.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $16.29 billion, a PE ratio of -494.36 and a beta of 1.33. The business has a 50 day simple moving average of $156.30 and a two-hundred day simple moving average of $159.00.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned $0.46 earnings per share. On average, analysts predict that Hyatt Hotels Corporation will post 3.46 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is -171.43%.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC bought a new stake in Hyatt Hotels in the fourth quarter worth approximately $26,000. Johnson Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares in the last quarter. DV Equities LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $32,000. Ares Financial Consulting LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on H shares. Barclays raised their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley lifted their target price on Hyatt Hotels from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Truist Financial lifted their target price on Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Susquehanna lowered their target price on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $185.07.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.