Hsbc Global Res Upgrades Hyatt Hotels (NYSE:H) to “Hold”

Hyatt Hotels (NYSE:H) was upgraded by research analysts at Hsbc Global Res to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

A number of other brokerages also recently weighed in on H. HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Friday. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Robert W. Baird set a $157.00 target price on Hyatt Hotels in a research report on Thursday, October 17th. Finally, Cfra set a $155.00 price target on shares of Hyatt Hotels in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $151.62.

Hyatt Hotels Stock Down 0.3 %

Shares of H opened at $145.04 on Friday. The firm has a market cap of $14.55 billion, a P/E ratio of 10.93 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $162.24. The firm’s 50-day simple moving average is $150.93 and its 200 day simple moving average is $148.93.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.75%. During the same period last year, the firm earned $0.70 earnings per share. On average, analysts forecast that Hyatt Hotels will post 3.87 earnings per share for the current year.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $92,373,585.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bridges Investment Management Inc. lifted its holdings in Hyatt Hotels by 7.3% during the 3rd quarter. Bridges Investment Management Inc. now owns 4,242 shares of the company’s stock worth $646,000 after purchasing an additional 287 shares in the last quarter. Assetmark Inc. boosted its position in shares of Hyatt Hotels by 162.2% in the third quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after acquiring an additional 30,339 shares during the period. Malaga Cove Capital LLC grew its stake in Hyatt Hotels by 37.9% during the third quarter. Malaga Cove Capital LLC now owns 4,241 shares of the company’s stock valued at $645,000 after acquiring an additional 1,165 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Hyatt Hotels by 0.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after acquiring an additional 66 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in Hyatt Hotels by 7.7% in the 3rd quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock worth $2,904,000 after purchasing an additional 1,368 shares in the last quarter. Institutional investors own 71.02% of the company’s stock.

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.