Hyatt Hotels (NYSE:H – Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Hyatt Hotels to post earnings of $0.35 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Hyatt Hotels Trading Up 1.8 %
Shares of H opened at $132.78 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $13.69 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 20.23 and a beta of 1.46. The stock’s fifty day simple moving average is $128.86 and its 200 day simple moving average is $116.64. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $133.62.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Evercore ISI restated an “in-line” rating and set a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Morgan Stanley lowered their target price on Hyatt Hotels from $138.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, November 7th. HSBC assumed coverage on shares of Hyatt Hotels in a research report on Monday, October 23rd. They set a “buy” rating and a $133.00 price target on the stock. TheStreet raised shares of Hyatt Hotels from a “c+” rating to a “b-” rating in a research report on Thursday, December 14th. Finally, Redburn Atlantic cut shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and increased their price target for the stock from $120.00 to $130.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $124.14.
Insider Activity at Hyatt Hotels
In related news, insider Joan Bottarini sold 4,250 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $129.39, for a total transaction of $549,907.50. Following the transaction, the insider now owns 15,551 shares in the company, valued at $2,012,143.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust L sold 66,701 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $126.21, for a total value of $8,418,333.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joan Bottarini sold 4,250 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $129.39, for a total transaction of $549,907.50. Following the completion of the transaction, the insider now owns 15,551 shares in the company, valued at approximately $2,012,143.89. The disclosure for this sale can be found here. Insiders have sold 78,552 shares of company stock worth $9,918,594 over the last quarter. 22.15% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Hyatt Hotels
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Manhattan CO. LLC. acquired a new stake in shares of Hyatt Hotels during the 1st quarter valued at $25,000. Quarry LP acquired a new stake in shares of Hyatt Hotels during the 1st quarter valued at $26,000. UniSuper Management Pty Ltd acquired a new stake in shares of Hyatt Hotels during the 2nd quarter valued at $34,000. Money Concepts Capital Corp boosted its stake in shares of Hyatt Hotels by 335.2% during the 4th quarter. Money Concepts Capital Corp now owns 383 shares of the company’s stock valued at $35,000 after buying an additional 295 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Hyatt Hotels by 136.4% during the 1st quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock valued at $46,000 after buying an additional 281 shares during the period. 46.03% of the stock is currently owned by hedge funds and other institutional investors.
Hyatt Hotels Company Profile
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 and resorts, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
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