Hyatt Hotels Co. (NYSE:H) Director Sells $265,500.00 in Stock

Hyatt Hotels Co. (NYSE:HGet Rating) Director Michael A. Rocca sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $88.50, for a total transaction of $265,500.00. Following the completion of the transaction, the director now directly owns 22,428 shares in the company, valued at approximately $1,984,878. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE:H traded up $1.24 during mid-day trading on Friday, reaching $92.16. The company had a trading volume of 804,147 shares, compared to its average volume of 1,021,238. Hyatt Hotels Co. has a one year low of $67.70 and a one year high of $108.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. The company’s 50-day moving average price is $90.08 and its 200-day moving average price is $90.64. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 649.47 and a beta of 1.39.

Hyatt Hotels (NYSE:HGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.08. Hyatt Hotels had a negative return on equity of 6.42% and a net margin of 0.23%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted ($3.57) earnings per share. On average, research analysts anticipate that Hyatt Hotels Co. will post -0.19 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC bought a new stake in Hyatt Hotels during the 4th quarter valued at $232,000. CWM LLC purchased a new position in shares of Hyatt Hotels in the fourth quarter valued at $26,000. Advisor Group Holdings Inc. raised its stake in shares of Hyatt Hotels by 4.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 13,151 shares of the company’s stock valued at $1,262,000 after purchasing an additional 618 shares during the period. Eidelman Virant Capital lifted its holdings in Hyatt Hotels by 0.8% during the 4th quarter. Eidelman Virant Capital now owns 28,088 shares of the company’s stock worth $2,705,000 after purchasing an additional 220 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Hyatt Hotels by 657.8% in the 4th quarter. Invesco Ltd. now owns 485,427 shares of the company’s stock worth $46,553,000 after purchasing an additional 421,367 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on H. Stifel Nicolaus raised their target price on Hyatt Hotels from $80.50 to $91.00 in a report on Thursday, February 17th. assumed coverage on Hyatt Hotels in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Berenberg Bank upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating and upped their target price for the stock from $80.00 to $85.00 in a research note on Monday, May 16th. Zacks Investment Research raised shares of Hyatt Hotels from a “strong sell” rating to a “hold” rating and set a $101.00 price target on the stock in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company upped their price objective on shares of Hyatt Hotels from $100.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.69.

Hyatt Hotels Company Profile (Get Rating)

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

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