Hyatt Hotels (NYSE:H) Given New $150.00 Price Target at Susquehanna

Hyatt Hotels (NYSE:H) had its price target decreased by Susquehanna from $160.00 to $150.00 in a report released on Wednesday, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

H has been the topic of a number of other reports. Barclays raised their price target on shares of 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 downgraded Hyatt Hotels from a hold rating to a sell rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on Hyatt Hotels from $171.00 to $180.00 and gave the stock an overweight rating in a research report on Friday, July 19th. Macquarie reduced their price objective on Hyatt Hotels from $168.00 to $164.00 and set an outperform rating for the company in a research report on Wednesday, August 7th. Finally, Morgan Stanley dropped their target price on Hyatt Hotels from $161.00 to $153.00 and set an equal weight rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eleven have given 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 an average rating of Hold and an average target price of $149.33.

Hyatt Hotels Stock Performance

Shares of H stock opened at $138.84 on Wednesday. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 21.56 and a beta of 1.51. Hyatt Hotels has a one year low of $96.77 and a one year high of $162.24. The company’s 50-day simple moving average is $147.49 and its 200-day simple moving average is $147.96. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Hyatt Hotels (NYSE:H) last issued its earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same quarter last year, the firm earned $0.82 EPS. Equities analysts anticipate that Hyatt Hotels will post 3.47 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.43%. Hyatt Hotels’s dividend payout ratio is presently 9.32%.

Insiders Place Their Bets

In related news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Joan Bottarini sold 305 shares of Hyatt Hotels stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the transaction, the insider now 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 20,219 shares in the company, valued at $3,023,144.88. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in Hyatt Hotels during the 4th quarter valued at about $1,472,000. BNP Paribas Financial Markets grew its position in Hyatt Hotels by 165.7% during the first quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock valued at $8,601,000 after purchasing an additional 33,603 shares in the last quarter. Retirement Systems of Alabama increased its stake in Hyatt Hotels by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 55,530 shares of the company’s stock valued at $8,864,000 after buying an additional 146 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Hyatt Hotels by 31.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company’s stock valued at $6,300,000 after buying an additional 9,559 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of Hyatt Hotels during the 1st quarter valued at $3,413,000. 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.