Jnp 2010-Pg Trust Sells 213,434 Shares of Hyatt Hotels (NYSE:H) Stock

Hyatt Hotels Corporation (NYSE:H) insider Jnp 2010-Pg Trust sold 213,434 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the sale, the insider directly owned 213,434 shares in the company, valued at approximately $35,803,553.50. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hyatt Hotels Trading Down 3.1%

Shares of Hyatt Hotels stock opened at $165.47 on Thursday. The company has a fifty day simple moving average of $155.75 and a 200-day simple moving average of $156.60. Hyatt Hotels Corporation has a 12-month low of $108.24 and a 12-month high of $180.53. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of -295.48, a PEG ratio of 2.05 and a beta of 1.28.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the business posted $0.42 EPS. On average, equities analysts forecast that Hyatt Hotels Corporation will post 3.13 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s payout ratio is -107.14%.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System purchased a new position in shares of Hyatt Hotels during the first quarter worth about $1,725,000. Fifth Third Wealth Advisors LLC grew its holdings in shares of Hyatt Hotels by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after buying an additional 60 shares during the last quarter. OP Asset Management Ltd purchased a new position in shares of Hyatt Hotels during the first quarter worth about $655,000. E. Ohman J or Asset Management AB purchased a new position in shares of Hyatt Hotels during the first quarter worth about $115,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Hyatt Hotels by 598.1% during the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company’s stock worth $12,005,000 after buying an additional 63,965 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays cut their target price on Hyatt Hotels from $200.00 to $197.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Truist Financial lifted their target price on Hyatt Hotels from $168.00 to $181.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Morgan Stanley lifted their target price on Hyatt Hotels from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Sanford C. Bernstein reiterated an “outperform” rating and set a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on Hyatt Hotels in a research report on Wednesday, January 14th. They set a “buy” rating and a $198.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.21.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.