Hyatt Hotels Corporation (NYSE:H)‘s stock had its “neutral” rating reaffirmed by Citigroup Inc. in a research note issued on Thursday, May 11th.
H has been the subject of several other research reports. Berenberg Bank downgraded Hyatt Hotels Corporation from a “buy” rating to a “hold” rating and raised their price target for the stock from $54.50 to $60.00 in a research report on Wednesday, January 25th. FBR & Co raised their price target on Hyatt Hotels Corporation from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, March 20th. Guggenheim assumed coverage on Hyatt Hotels Corporation in a research report on Wednesday, April 26th. They set a “neutral” rating for the company. Zacks Investment Research raised Hyatt Hotels Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, January 24th. Finally, Stifel Nicolaus lifted their price objective on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, May 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.87.
Shares of Hyatt Hotels Corporation (NYSE:H) opened at 57.87 on Thursday. Hyatt Hotels Corporation has a 12 month low of $45.12 and a 12 month high of $59.30. The stock has a market capitalization of $7.26 billion, a PE ratio of 31.95 and a beta of 1.25. The company’s 50 day moving average price is $57.47 and its 200 day moving average price is $55.20.
Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.49. Hyatt Hotels Corporation had a return on equity of 7.25% and a net margin of 5.30%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.25 EPS. Equities analysts anticipate that Hyatt Hotels Corporation will post $1.43 earnings per share for the current fiscal year.
In other Hyatt Hotels Corporation news, insider Elsinore Trust sold 70,000 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $52.38, for a total transaction of $3,666,600.00. Following the transaction, the insider now owns 338,479 shares in the company, valued at $17,729,530.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $57.53, for a total value of $230,120,000.00. The disclosure for this sale can be found here. Insiders sold 4,181,055 shares of company stock worth $240,044,403 in the last quarter. 25.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Hyatt Hotels Corporation during the third quarter valued at $261,000. BlackRock Inc. raised its stake in shares of Hyatt Hotels Corporation by 1.8% in the third quarter. BlackRock Inc. now owns 11,343 shares of the company’s stock valued at $559,000 after buying an additional 203 shares in the last quarter. Princeton Alpha Management LP purchased a new stake in shares of Hyatt Hotels Corporation during the third quarter valued at $252,000. Pacer Advisors Inc. raised its stake in shares of Hyatt Hotels Corporation by 7.3% in the third quarter. Pacer Advisors Inc. now owns 4,358 shares of the company’s stock valued at $215,000 after buying an additional 296 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Hyatt Hotels Corporation by 16.2% in the third quarter. Morgan Stanley now owns 1,495,979 shares of the company’s stock valued at $73,632,000 after buying an additional 208,010 shares in the last quarter. Institutional investors and hedge funds own 30.98% of the company’s stock.
About Hyatt Hotels Corporation
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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