Hyatt Hotels (H) Lifted to Buy at MKM Partners

Hyatt Hotels (NYSE:H) was upgraded by analysts at MKM Partners from a “neutral” rating to a “buy” rating in a research report issued on Thursday.

H has been the subject of a number of other research reports. SunTrust Banks restated a “hold” rating and issued a $61.00 price objective on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Berenberg Bank upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.20 to $78.00 in a research note on Friday, November 10th. Morgan Stanley upped their target price on shares of Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. FBR & Co reaffirmed an “outperform” rating and issued a $66.00 target price (up previously from $63.00) on shares of Hyatt Hotels in a report on Wednesday, August 9th. Finally, Stifel Nicolaus upped their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $68.33.

Hyatt Hotels (NYSE:H) opened at $71.11 on Thursday. The company has a market cap of $8,584.22, a price-to-earnings ratio of 40.11, a P/E/G ratio of 10.27 and a beta of 1.25. Hyatt Hotels has a one year low of $50.21 and a one year high of $73.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. During the same period in the prior year, the company earned $0.47 EPS. equities analysts predict that Hyatt Hotels will post 1.73 earnings per share for the current year.

In related news, insider Peter Fulton sold 14,104 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $70.00, for a total value of $987,280.00. Following the completion of the transaction, the insider now owns 38,436 shares of the company’s stock, valued at $2,690,520. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Rena Hozore Reiss sold 4,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $61.43, for a total value of $245,720.00. Following the completion of the transaction, the insider now directly owns 30,881 shares of the company’s stock, valued at approximately $1,897,019.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 959,887 shares of company stock worth $65,139,540. Insiders own 27.51% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. raised its stake in Hyatt Hotels by 121.4% during the third quarter. Fox Run Management L.L.C. now owns 25,900 shares of the company’s stock worth $1,600,000 after acquiring an additional 14,200 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Hyatt Hotels by 14.9% during the second quarter. Goldman Sachs Group Inc. now owns 501,089 shares of the company’s stock worth $28,167,000 after acquiring an additional 65,031 shares in the last quarter. Koch Industries Inc. acquired a new position in Hyatt Hotels during the second quarter worth about $478,000. Schwab Charles Investment Management Inc. raised its stake in Hyatt Hotels by 8.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 145,543 shares of the company’s stock worth $8,181,000 after acquiring an additional 11,424 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Hyatt Hotels by 162.3% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 30,510 shares of the company’s stock worth $1,714,000 after acquiring an additional 18,879 shares in the last quarter. 38.83% of the stock is owned by hedge funds and other institutional investors.

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About Hyatt Hotels

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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