Hyatt Hotels Co. (NYSE:H) Given Average Rating of “Hold” by Brokerages

Shares of Hyatt Hotels Co. (NYSE:H) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $150.69.

A number of brokerages have issued reports on H. Morgan Stanley lowered Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $149.00 to $156.00 in a research report on Monday, March 11th. Barclays boosted their price target on Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Sanford C. Bernstein boosted their price target on Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Finally, TD Cowen boosted their price target on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st.

Insider Transactions at Hyatt Hotels

In other news, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the sale, the insider now directly owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael A. Rocca sold 1,189 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 16,104 shares in the company, valued at $2,398,207.68. The disclosure for this sale can be found here. Insiders have sold 12,189 shares of company stock valued at $1,815,619 over the last three months. Company insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in Hyatt Hotels by 90.5% in the third quarter. Envestnet Asset Management Inc. now owns 86,165 shares of the company’s stock valued at $9,140,000 after purchasing an additional 40,935 shares in the last quarter. Northern Trust Corp grew its stake in Hyatt Hotels by 2.2% in the third quarter. Northern Trust Corp now owns 241,690 shares of the company’s stock valued at $25,638,000 after purchasing an additional 5,226 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Hyatt Hotels by 94.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,595 shares of the company’s stock valued at $700,000 after purchasing an additional 3,199 shares in the last quarter. Merlin Capital Inc grew its stake in Hyatt Hotels by 38.7% in the third quarter. Merlin Capital Inc now owns 3,488 shares of the company’s stock valued at $370,000 after purchasing an additional 973 shares in the last quarter. Finally, Cadian Capital Management LP grew its stake in Hyatt Hotels by 7.2% in the third quarter. Cadian Capital Management LP now owns 621,800 shares of the company’s stock valued at $65,961,000 after purchasing an additional 41,800 shares in the last quarter. 71.02% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Trading Up 2.0 %

NYSE:H opened at $151.92 on Friday. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $161.50. The firm has a market capitalization of $15.37 billion, a P/E ratio of 23.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $148.91 and a 200 day simple moving average of $143.97.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. Equities research analysts predict that Hyatt Hotels will post 3.48 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

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.