Hyatt Hotels (NYSE:H) Upgraded by StockNews.com to “Hold”

Hyatt Hotels (NYSE:H) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

H has been the subject of several other research reports. Barclays cut their price target on Hyatt Hotels from $156.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 19th. Mizuho lowered their price objective on Hyatt Hotels from $197.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Redburn Atlantic cut Hyatt Hotels from a “buy” rating to a “neutral” rating and raised their price target for the stock from $120.00 to $130.00 in a research report on Tuesday, January 16th. Morgan Stanley cut Hyatt Hotels from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $149.00 to $156.00 in a research report on Monday, March 11th. Finally, Robert W. Baird raised their price target on Hyatt Hotels from $116.00 to $134.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $143.19.

Hyatt Hotels Trading Down 0.6 %

NYSE H opened at $150.41 on Monday. The company has a market cap of $15.22 billion, a PE ratio of 73.73, a PEG ratio of 21.47 and a beta of 1.49. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $161.50. The stock has a 50 day moving average of $154.56 and a 200-day moving average of $134.29.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.38 by $0.26. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate 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 firm posted $2.55 EPS. On average, equities research analysts anticipate that Hyatt Hotels will post 3.24 EPS for the current fiscal year.

Insider Activity

In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the sale, the insider now owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,084,248 shares of company stock valued at $326,572,489. 23.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several institutional investors have recently bought and sold shares of H. SG Americas Securities LLC bought a new stake in Hyatt Hotels during the third quarter worth $157,000. Raymond James Financial Services Advisors Inc. grew its holdings in Hyatt Hotels by 16.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,887 shares of the company’s stock worth $518,000 after buying an additional 690 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Hyatt Hotels by 12.4% during the third quarter. Bank of New York Mellon Corp now owns 240,848 shares of the company’s stock worth $25,549,000 after buying an additional 26,525 shares in the last quarter. Forsta AP Fonden boosted its position in Hyatt Hotels by 2.6% in the third quarter. Forsta AP Fonden now owns 19,700 shares of the company’s stock worth $2,090,000 after purchasing an additional 500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hyatt Hotels by 14.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,589 shares of the company’s stock worth $4,306,000 after purchasing an additional 5,136 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

About Hyatt Hotels

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.