Hyatt Hotels Corporation (NYSE:H) insider Peter Sears sold 9,059 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $59.29, for a total transaction of $537,108.11. Following the sale, the insider now directly owns 8,292 shares in the company, valued at approximately $491,632.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Hyatt Hotels Corporation (NYSE H) opened at 60.30 on Wednesday. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 30.24 and a beta of 1.25. The firm has a 50-day moving average of $57.49 and a 200 day moving average of $55.90. Hyatt Hotels Corporation has a 52 week low of $47.94 and a 52 week high of $61.07.
Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same quarter in the prior year, the business earned $0.64 EPS. On average, analysts anticipate that Hyatt Hotels Corporation will post $1.60 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC acquired a new position in shares of Hyatt Hotels Corporation in the 2nd quarter valued at approximately $101,000. James Investment Research Inc. acquired a new position in shares of Hyatt Hotels Corporation in the 2nd quarter valued at approximately $151,000. Federated Investors Inc. PA acquired a new position in shares of Hyatt Hotels Corporation in the 2nd quarter valued at approximately $216,000. The Manufacturers Life Insurance Company raised its position in shares of Hyatt Hotels Corporation by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after purchasing an additional 272 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Hyatt Hotels Corporation in the 4th quarter valued at approximately $227,000. 30.68% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on H. Robert W. Baird reissued a “buy” rating and set a $68.00 price target on shares of Hyatt Hotels Corporation in a research report on Friday, September 8th. Deutsche Bank AG reissued a “hold” rating and set a $60.00 price target (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. FBR & Co reissued an “outperform” rating and set a $66.00 price target (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. BidaskClub raised shares of Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $58.56.
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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