Hyatt Hotels (NYSE:H) Downgraded to Sell at StockNews.com

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

H has been the subject of several other research reports. Sanford C. Bernstein boosted their target price on shares of Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Stifel Nicolaus boosted their target price on shares of Hyatt Hotels from $146.00 to $154.00 and gave the stock a “hold” rating in a research report on Thursday, April 11th. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Morgan Stanley downgraded shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $149.00 to $156.00 in a research report on Monday, March 11th. Finally, Barclays lifted their price target on shares of Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $150.69.

Hyatt Hotels Trading Up 0.6 %

Shares of H stock traded up $0.83 during mid-day trading on Wednesday, reaching $149.50. The company’s stock had a trading volume of 333,321 shares, compared to its average volume of 614,669. The company’s 50 day simple moving average is $148.89 and its 200-day simple moving average is $144.38. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $161.50. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $15.13 billion, a PE ratio of 23.21 and a beta of 1.51.

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

Insider Transactions at Hyatt Hotels

In other news, insider Joan Bottarini sold 305 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $148.00, for a total value of $45,140.00. Following the completion of the sale, the insider now directly owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joan Bottarini sold 305 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the sale, the insider now owns 15,799 shares in the company, valued at $2,338,252. The disclosure for this sale can be found here. In the last three months, insiders sold 12,189 shares of company stock valued at $1,815,619. Company insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Hyatt Hotels by 17.6% in the 2nd quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock valued at $117,000 after buying an additional 115 shares during the period. Red Spruce Capital LLC increased its stake in Hyatt Hotels by 0.7% in the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after buying an additional 92 shares during the period. LRI Investments LLC acquired a new position in Hyatt Hotels in the 1st quarter valued at approximately $26,000. Castleark Management LLC acquired a new position in Hyatt Hotels in the 1st quarter valued at approximately $5,255,000. Finally, Tidal Investments LLC increased its stake in Hyatt Hotels by 41.2% in the 1st quarter. Tidal Investments LLC now owns 24,344 shares of the company’s stock valued at $3,886,000 after buying an additional 7,098 shares during the period. Institutional investors and hedge funds 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.