Hyatt Hotels (NYSE:H) Insider Sells $1,896,888.22 in Stock

Hyatt Hotels Corporation (NYSE:H) insider Peter Sears sold 10,217 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the transaction, the insider directly owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. This trade represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hyatt Hotels Stock Performance

NYSE H opened at $186.18 on Thursday. Hyatt Hotels Corporation has a fifty-two week low of $127.59 and a fifty-two week high of $190.00. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of -531.93 and a beta of 1.33. The business has a fifty day moving average of $163.76 and a 200-day moving average of $161.60. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the previous year, the business earned $0.46 earnings per share. As a group, analysts predict that Hyatt Hotels Corporation will post 3.59 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s payout ratio is currently -171.43%.

Institutional Investors Weigh In On Hyatt Hotels

A number of large investors have recently modified their holdings of the stock. Bamco Inc. NY grew its stake in shares of Hyatt Hotels by 2.7% in the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after buying an additional 843,121 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the last quarter. Veritas Asset Management LLP grew its stake in Hyatt Hotels by 827.9% during the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after purchasing an additional 1,695,616 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in Hyatt Hotels by 2.8% during the 4th quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after purchasing an additional 43,733 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels News Roundup

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: CNBC’s “Final Trades” segment highlighted Hyatt, with BMO Capital Markets’ Belski and other commentators expressing support for the name, which can reinforce investor confidence. Article: American Airlines, Hyatt Hotels And More On CNBC’s ‘Final Trades’
• Positive Sentiment: Hyatt’s summer promotions, including member savings of up to 25% and bonus-point offers, could help drive bookings and occupancy during a key travel period. Article: World of Hyatt Debuts Global Summer Offers
• Positive Sentiment: Recent earnings showed Hyatt beat expectations on both EPS and revenue, and analysts have generally maintained a moderate buy view with several price-target increases, supporting the stock’s longer-term momentum. Reference: Hyatt Hotels stock page

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus set a $182.00 price objective on Hyatt Hotels in a research report on Friday, May 29th. Barclays lifted their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Citigroup boosted their price target on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Finally, Susquehanna lowered their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $191.00.

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.