Hyatt Hotels (NYSE:H) Stock Rating Lowered by StockNews.com

Hyatt Hotels (NYSE:H) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Other analysts have also recently issued research reports about the company. Morgan Stanley cut Hyatt Hotels from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $149.00 to $156.00 in a research report on Monday, March 11th. TD Cowen upped their price objective on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Jefferies Financial Group upped their price objective on Hyatt Hotels from $104.00 to $127.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus upped their price objective on Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on Hyatt Hotels from $162.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $141.88.

Hyatt Hotels Stock Performance

Shares of H opened at $151.80 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $152.51 and a two-hundred day simple moving average of $131.28. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 74.41, a PEG ratio of 20.91 and a beta of 1.49. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $161.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same quarter in the prior year, the business posted $2.55 earnings per share. On average, analysts expect that Hyatt Hotels will post 3.24 EPS for the current year.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Joan Bottarini sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the sale, the insider now directly owns 11,301 shares in the company, valued at $1,454,664.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the sale, the insider now directly owns 459,000 shares in the company, valued at $72,737,730. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joan Bottarini sold 4,250 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $128.72, for a total value of $547,060.00. Following the sale, the insider now owns 11,301 shares in the company, valued at $1,454,664.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,077,803 shares of company stock valued at $325,526,849. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently modified their holdings of H. AE Wealth Management LLC raised its holdings in shares of Hyatt Hotels by 17.0% in the third quarter. AE Wealth Management LLC now owns 4,872 shares of the company’s stock worth $517,000 after buying an additional 709 shares during the period. SG Americas Securities LLC purchased a new position in Hyatt Hotels during the 3rd quarter worth $157,000. Oak Thistle LLC purchased a new position in Hyatt Hotels during the 3rd quarter worth $542,000. Handelsbanken Fonder AB increased its holdings in Hyatt Hotels by 15.1% during the 3rd quarter. Handelsbanken Fonder AB now owns 457,500 shares of the company’s stock worth $48,532,000 after purchasing an additional 60,000 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Hyatt Hotels by 21.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,400 shares of the company’s stock worth $2,907,000 after purchasing an additional 4,900 shares during the period. 71.02% 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 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, and other properties, including timeshare, fractional, residential, vacation, and condominium units.