Hyatt Hotels (NYSE:H) Shares Gap Down on Disappointing Earnings

Hyatt Hotels Co. (NYSE:H) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $162.11, but opened at $150.92. Hyatt Hotels shares last traded at $147.41, with a volume of 563,852 shares.

The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the firm posted $0.64 earnings per share.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho lowered their target price on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Morgan Stanley decreased their target price on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. The Goldman Sachs Group increased their price target on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $156.38.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in H. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels during the third quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in shares of Hyatt Hotels by 583.3% during the fourth quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. increased its position in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Blue Trust Inc. raised its stake in Hyatt Hotels by 190.2% during the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in Hyatt Hotels in the third quarter valued at about $51,000. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Down 9.5 %

The company has a market capitalization of $14.09 billion, a P/E ratio of 11.10 and a beta of 1.48. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $157.53 and a 200-day simple moving average of $152.49.

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.