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

StockNews.com cut shares of Hyatt Hotels (NYSE:H) from a hold rating to a sell rating in a research report released on Monday.

H has been the topic of a number of other research reports. Morgan Stanley lowered their price target 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. Deutsche Bank Aktiengesellschaft dropped their target price on Hyatt Hotels from $127.00 to $120.00 and set a hold rating for the company in a research report on Wednesday, August 7th. Barclays lifted 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 note on Friday, May 10th. Evercore ISI cut their price objective on shares of Hyatt Hotels from $155.00 to $145.00 and set an in-line rating for the company in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an overweight rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Hyatt Hotels currently has an average rating of Hold and a consensus price target of $149.33.

Hyatt Hotels Trading Up 2.6 %

Shares of H opened at $142.35 on Monday. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The stock has a market cap of $14.40 billion, a PE ratio of 22.10 and a beta of 1.51. 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 business’s 50-day moving average price is $147.42 and its 200-day moving average price is $147.92.

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

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Tuesday, August 27th. Hyatt Hotels’s payout ratio is presently 9.32%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the 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 $2,338,252. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Joan Bottarini sold 305 shares of the business’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 transaction of $45,140.00. Following the completion of the sale, the insider now directly owns 15,799 shares in the company, valued at $2,338,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael A. Rocca sold 1,189 shares of the 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 owns 20,219 shares in the company, valued at $3,023,144.88. The disclosure for this sale can be found here. Company insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in shares of Hyatt Hotels in the first quarter valued at about $26,000. Riverview Trust Co purchased a new stake in Hyatt Hotels during the 1st quarter valued at approximately $27,000. Summit Securities Group LLC bought a new stake in shares of Hyatt Hotels during the second quarter valued at approximately $30,000. Quadrant Capital Group LLC lifted its holdings in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after buying an additional 127 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after acquiring an additional 310 shares during the last quarter. 71.02% of the stock is owned by hedge funds and other institutional investors.

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.