Hyatt Hotels (NYSE:H) had its price objective decreased by Wells Fargo & Co from $78.00 to $76.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Wells Fargo & Co currently has a market perform rating on the stock.
H has been the topic of several other research reports. ValuEngine cut Hyatt Hotels from a buy rating to a hold rating in a research report on Saturday, August 31st. Raymond James reiterated a hold rating on shares of Hyatt Hotels in a report on Monday, August 12th. Macquarie set a $89.00 price target on Hyatt Hotels and gave the stock a buy rating in a report on Tuesday, September 17th. Credit Suisse Group upgraded Hyatt Hotels to an outperform rating in a report on Monday, August 19th. Finally, Deutsche Bank reiterated a hold rating and set a $75.00 price target on shares of Hyatt Hotels in a report on Thursday, August 1st. Fifteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $75.36.
NYSE H opened at $71.04 on Friday. The business has a 50 day simple moving average of $73.31 and a 200 day simple moving average of $75.12. Hyatt Hotels has a one year low of $63.45 and a one year high of $81.57. The stock has a market capitalization of $7.33 billion, a P/E ratio of 35.88, a P/E/G ratio of 6.57 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.17 and a quick ratio of 1.16.
In related news, insider Mark R. Vondrasek sold 3,807 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $76.54, for a total transaction of $291,387.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Udell sold 4,337 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $72.06, for a total value of $312,524.22. The disclosure for this sale can be found here. 24.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC bought a new stake in shares of Hyatt Hotels in the 3rd quarter valued at about $210,000. Baskin Financial Services Inc. raised its position in Hyatt Hotels by 3.4% during the 3rd quarter. Baskin Financial Services Inc. now owns 209,472 shares of the company’s stock valued at $15,432,000 after purchasing an additional 6,975 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Hyatt Hotels during the 3rd quarter valued at approximately $37,000. Northpointe Capital LLC bought a new position in Hyatt Hotels during the 3rd quarter valued at approximately $2,346,000. Finally, Cerebellum GP LLC bought a new position in shares of Hyatt Hotels in the 3rd quarter worth approximately $132,000. Hedge funds and other institutional investors own 37.53% of the company’s stock.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through 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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