BidaskClub downgraded shares of Hyatt Hotels Corporation (NYSE:H) from a sell rating to a strong sell rating in a report issued on Thursday, July 27th.
H has been the subject of a number of other reports. Wolfe Research raised Hyatt Hotels Corporation from an underperform rating to a market perform rating in a report on Monday, July 10th. FBR & Co reaffirmed a buy rating on shares of Hyatt Hotels Corporation in a report on Monday, May 15th. Stifel Nicolaus upped their price target on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the company a hold rating in a report on Friday, May 5th. Guggenheim began coverage on Hyatt Hotels Corporation in a report on Wednesday, April 26th. They issued a neutral rating for the company. Finally, Zacks Investment Research raised Hyatt Hotels Corporation from a strong sell rating to a hold rating in a report on Thursday, April 6th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. Hyatt Hotels Corporation currently has a consensus rating of Hold and an average target price of $55.73.
Hyatt Hotels Corporation (NYSE H) traded down 2.71% during mid-day trading on Thursday, reaching $58.94. 1,090,049 shares of the company were exchanged. Hyatt Hotels Corporation has a 1-year low of $47.94 and a 1-year high of $60.68. The stock has a 50-day moving average of $56.16 and a 200 day moving average of $55.27. The firm has a market capitalization of $7.40 billion, a P/E ratio of 32.55 and a beta of 1.28.
Hyatt Hotels Corporation (NYSE:H) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same period in the prior year, the company posted $0.64 earnings per share. Equities research analysts forecast that Hyatt Hotels Corporation will post $1.54 earnings per share for the current year.
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Hyatt Hotels Corporation declared that its board has initiated a stock buyback program on Thursday, May 4th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 6.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other news, insider H. Charles Floyd sold 23,386 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $58.26, for a total value of $1,362,468.36. Following the completion of the transaction, the insider now owns 59,263 shares in the company, valued at $3,452,662.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $57.53, for a total value of $230,120,000.00. The disclosure for this sale can be found here. Corporate insiders own 25.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Hyatt Hotels Corporation by 26.4% in the second quarter. Pacer Advisors Inc. now owns 6,411 shares of the company’s stock worth $360,000 after buying an additional 1,341 shares in the last quarter. Utah Retirement Systems boosted its position in shares of Hyatt Hotels Corporation by 1.7% in the second quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after buying an additional 100 shares in the last quarter. Airain ltd bought a new stake in Hyatt Hotels Corporation during the second quarter worth approximately $1,766,000. Victory Capital Management Inc. raised its stake in Hyatt Hotels Corporation by 21.3% in the second quarter. Victory Capital Management Inc. now owns 30,853 shares of the company’s stock worth $1,734,000 after buying an additional 5,414 shares during the last quarter. Finally, Federated Investors Inc. PA bought a new stake in Hyatt Hotels Corporation during the second quarter worth approximately $216,000. Institutional investors and hedge funds own 31.05% of the company’s stock.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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