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

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

Several other research analysts also recently commented on H. Macquarie reduced their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday. Robert W. Baird set a $157.00 target price on Hyatt Hotels in a report on Thursday, October 17th. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a report on Friday. StockNews.com downgraded Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Susquehanna dropped their price objective on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $151.62.

Hyatt Hotels Stock Down 0.3 %

H stock opened at $145.08 on Friday. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The company has a market cap of $14.55 billion, a PE ratio of 15.65 and a beta of 1.50. The business’s 50-day simple moving average is $150.93 and its 200 day simple moving average is $148.93. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the previous year, the business earned $0.70 earnings per share. On average, research analysts anticipate that Hyatt Hotels will post 3.87 earnings per share for the current year.

Insider Activity

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were 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 owns 623,556 shares of the company’s stock, valued at $92,373,585.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is owned by company insiders.

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 stock. Bridges Investment Management Inc. boosted its stake in Hyatt Hotels by 7.3% in 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 during the period. Assetmark Inc. boosted its stake in Hyatt Hotels by 162.2% in the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock worth $7,464,000 after purchasing an additional 30,339 shares during the period. Malaga Cove Capital LLC boosted its stake in shares of Hyatt Hotels by 37.9% during the 3rd quarter. Malaga Cove Capital LLC now owns 4,241 shares of the company’s stock worth $645,000 after buying an additional 1,165 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of 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 buying an additional 66 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in shares of Hyatt Hotels by 7.7% during the 3rd quarter. QRG Capital Management Inc. now owns 19,080 shares of the company’s stock worth $2,904,000 after buying an additional 1,368 shares during the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.

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.