Barclays Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its price objective cut by equities researchers at Barclays from $200.00 to $198.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 17.96% from the company’s previous close.

A number of other research analysts also recently commented on H. Sanford C. Bernstein reissued an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a report on Friday, January 2nd. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a report on Wednesday, December 31st. Robert W. Baird boosted their target price on shares of Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Finally, Truist Financial boosted their price objective on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus target price of $169.50.

Hyatt Hotels Stock Down 1.1%

Shares of NYSE:H traded down $1.85 during mid-day trading on Friday, hitting $167.86. 86,746 shares of the company traded hands, compared to its average volume of 663,568. The firm has a market cap of $15.94 billion, a P/E ratio of -180.49, a PEG ratio of 1.88 and a beta of 1.29. Hyatt Hotels has a 52-week low of $102.43 and a 52-week high of $174.58. The firm’s 50 day simple moving average is $161.17 and its 200 day simple moving average is $149.87. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.68 and a current ratio of 0.69.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. On average, equities analysts anticipate that Hyatt Hotels will post 3.05 EPS for the current year.

Insiders Place Their Bets

In other news, insider Peter Sears sold 12,394 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the transaction, the insider directly owned 5,594 shares in the company, valued at approximately $869,922.94. This represents a 68.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Javier Aguila sold 9,548 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the sale, the insider directly owned 2,684 shares of the company’s stock, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 33,383 shares of company stock valued at $5,321,682. Insiders own 23.70% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in Hyatt Hotels by 92.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 996 shares of the company’s stock worth $160,000 after buying an additional 478 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Hyatt Hotels in the 4th quarter valued at $224,000. Allspring Global Investments Holdings LLC boosted its stake in Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after purchasing an additional 32,048 shares during the period. Brookstone Capital Management acquired a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $303,000. Finally, Exchange Traded Concepts LLC lifted its stake in Hyatt Hotels by 5.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 34,064 shares of the company’s stock valued at $5,461,000 after acquiring an additional 1,706 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.