StockNews.com Upgrades Hyatt Hotels (NYSE:H) to Hold

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

Several other equities analysts have also issued reports on the stock. Morgan Stanley lowered shares of Hyatt Hotels from an overweight rating to an equal weight rating and lifted their price target for the stock from $149.00 to $156.00 in a report on Monday, March 11th. Wells Fargo & Company increased their price target on Hyatt Hotels from $138.00 to $160.00 and gave the company an overweight rating in a research note on Monday, February 26th. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $162.00 to $172.00 and gave the stock an overweight rating in a research note on Friday, March 1st. Truist Financial increased their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a research report on Thursday, March 14th. Finally, Redburn Atlantic downgraded shares of Hyatt Hotels from a buy rating to a neutral rating and boosted their target price for the stock from $120.00 to $130.00 in a research report on Tuesday, January 16th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $143.19.

Hyatt Hotels Trading Up 3.0 %

NYSE H opened at $152.23 on Monday. Hyatt Hotels has a one year low of $96.77 and a one year high of $161.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 74.62, a price-to-earnings-growth ratio of 21.47 and a beta of 1.49. The company’s 50-day simple moving average is $154.44 and its two-hundred day simple moving average is $134.51.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same quarter in the previous year, the firm posted $2.55 earnings per share. Equities analysts forecast that Hyatt Hotels will post 3.24 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is presently 29.41%.

Insider Activity at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the sale, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the sale, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Margaret C. Egan sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now directly owns 20,546 shares in the company, valued at $3,241,747.88. The disclosure for this sale can be found here. Insiders sold a total of 2,084,248 shares of company stock worth $326,572,489 in the last 90 days. Corporate insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several large investors have recently modified their holdings of the business. Riverview Trust Co purchased a new position in Hyatt Hotels in the 1st quarter valued at approximately $27,000. Quadrant Capital Group LLC increased its stake in Hyatt Hotels by 49.8% during the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after buying an additional 127 shares during the period. GAMMA Investing LLC purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at approximately $59,000. Banque Cantonale Vaudoise acquired a new stake in shares of Hyatt Hotels in the 3rd quarter valued at about $83,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $85,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

About Hyatt Hotels

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.