Several other research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Hyatt from a hold rating to a buy rating in a report on Monday, April 2nd. B. Riley reiterated a buy rating and issued a $84.00 price target (up previously from $80.00) on shares of Hyatt in a report on Friday, March 16th. Stifel Nicolaus upped their price target on shares of Hyatt from $78.00 to $80.00 and gave the company a hold rating in a report on Friday, February 23rd. SunTrust Banks upped their price target on shares of Hyatt to $80.00 and gave the company a hold rating in a report on Tuesday, February 20th. Finally, Evercore ISI upgraded shares of Hyatt from an underperform rating to an in-line rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $81.00.
Shares of NYSE:H opened at $78.24 on Thursday. Hyatt has a 52 week low of $54.38 and a 52 week high of $83.02. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $9,288.65, a price-to-earnings ratio of 44.97, a PEG ratio of 10.49 and a beta of 1.28.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 22nd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, March 21st. Hyatt’s payout ratio is 33.71%.
In other Hyatt news, insider Peter Fulton sold 4,300 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $80.10, for a total value of $344,430.00. Following the completion of the sale, the insider now owns 22,066 shares in the company, valued at $1,767,486.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Maryam Banikarim sold 4,992 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $80.17, for a total transaction of $400,208.64. Following the completion of the sale, the insider now owns 23,840 shares of the company’s stock, valued at approximately $1,911,252.80. The disclosure for this sale can be found here. Corporate insiders own 18.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC bought a new position in shares of Hyatt in the fourth quarter valued at about $132,000. Acadian Asset Management LLC raised its position in shares of Hyatt by 134.7% in the fourth quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock valued at $165,000 after purchasing an additional 1,288 shares during the period. Capital Fund Management S.A. bought a new position in shares of Hyatt in the fourth quarter valued at about $202,000. State of Alaska Department of Revenue bought a new position in Hyatt during the fourth quarter worth about $220,000. Finally, US Bancorp DE increased its position in Hyatt by 4,029.1% during the fourth quarter. US Bancorp DE now owns 3,262 shares of the company’s stock worth $240,000 after acquiring an additional 3,183 shares during the period. Hedge funds and other institutional investors own 39.29% of the company’s stock.
Hyatt Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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