Hyatt Hotels (NYSE:H) Shares Gap Down – What’s Next?

Hyatt Hotels Corporation (NYSE:H)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $186.02, but opened at $173.00. Hyatt Hotels shares last traded at $172.3360, with a volume of 240,573 shares.

Wall Street Analysts Forecast Growth

H has been the subject of a number of research reports. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price target for the company in a report on Thursday, June 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research note on Friday, May 29th. Morgan Stanley raised their price objective on Hyatt Hotels from $208.00 to $218.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Finally, Susquehanna lowered their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $198.29.

Hyatt Hotels Stock Performance

The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of -498.55 and a beta of 1.32. The stock has a fifty day moving average price of $190.41 and a 200-day moving average price of $170.55. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David Udell sold 8,682 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the sale, the insider owned 13,338 shares in the company, valued at approximately $2,294,136. This represents a 39.43% 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, Director Cary D. Mcmillan sold 1,119 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. The SEC filing for this sale provides additional information. Insiders sold a total of 23,224 shares of company stock worth $4,173,605 in the last three months. Company insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Large investors have recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after purchasing an additional 60 shares during the last quarter. Pacer Advisors Inc. raised its position in Hyatt Hotels by 1.0% in the 1st quarter. Pacer Advisors Inc. now owns 6,625 shares of the company’s stock worth $953,000 after purchasing an additional 67 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Hyatt Hotels by 18.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after buying an additional 72 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock valued at $372,000 after buying an additional 79 shares during the last quarter. Finally, Ethic Inc. increased its stake in shares of Hyatt Hotels by 3.5% in the 4th quarter. Ethic Inc. now owns 2,533 shares of the company’s stock valued at $406,000 after buying an additional 85 shares during the period. 73.54% of the stock is currently 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.