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

StockNews.com upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Other equities research analysts also recently issued reports about the stock. Barclays upped their price objective on shares of Hyatt Hotels from $119.00 to $128.00 and gave the company an equal weight rating in a report on Monday, January 29th. Robert W. Baird upped their price objective on shares of Hyatt Hotels from $116.00 to $134.00 and gave the company a neutral rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $162.00 to $172.00 and gave the company an overweight rating in a report on Friday, March 1st. TD Cowen upped their price objective on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a market perform rating in a report on Thursday, March 21st. Finally, Morgan Stanley downgraded shares of Hyatt Hotels from an overweight rating to an equal weight rating and increased their price target for the stock from $149.00 to $156.00 in a report on Monday, March 11th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $138.24.

Hyatt Hotels Stock Performance

NYSE H opened at $160.80 on Wednesday. Hyatt Hotels has a 1 year low of $96.77 and a 1 year high of $161.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 78.82, a PEG ratio of 22.49 and a beta of 1.49. The company has a fifty day moving average price of $143.06 and a 200-day moving average price of $124.48.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.26. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $2.55 earnings per share. As a group, equities research analysts predict that Hyatt Hotels will post 3.25 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Tuesday, February 27th. Hyatt Hotels’s payout ratio is 29.41%.

Insider Buying and Selling

In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 75,457 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the transaction, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The disclosure for this sale can be found here. Insiders sold 2,144,504 shares of company stock valued at $333,945,183 over the last quarter. 22.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Large investors have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Hyatt Hotels in the 4th quarter worth about $27,000. First Manhattan CO. LLC. bought a new position in shares of Hyatt Hotels during the 1st quarter valued at approximately $25,000. Janiczek Wealth Management LLC grew its stake in shares of Hyatt Hotels by 597.5% during the 3rd quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the period. UniSuper Management Pty Ltd bought a new position in shares of Hyatt Hotels during the 2nd quarter valued at approximately $34,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Hyatt Hotels by 49.8% during the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after acquiring an additional 127 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Company Profile

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.