Hyatt Hotels (NYSE:H) Cut to “Sell” at StockNews.com

Hyatt Hotels (NYSE:H) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group increased their target price on shares of Hyatt Hotels from $104.00 to $127.00 and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Evercore ISI reiterated an “in-line” rating and issued a $135.00 target price on shares of Hyatt Hotels in a research note on Monday, February 5th. Redburn Atlantic cut shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and increased their target price for the stock from $120.00 to $130.00 in a research note on Tuesday, January 16th. Truist Financial increased their target price on shares of Hyatt Hotels from $143.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $141.88.

Hyatt Hotels Stock Up 0.1 %

Hyatt Hotels stock opened at $151.36 on Thursday. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $161.50. The firm has a 50 day moving average price of $153.22 and a 200-day moving average price of $131.74. The company has a market capitalization of $15.31 billion, a P/E ratio of 74.20, a P/E/G ratio of 21.66 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.65.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.26. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. During the same period in the prior year, the company posted $2.55 EPS. As a group, equities analysts predict that Hyatt Hotels will post 3.24 EPS for the current year.

Insider Buying and Selling

In related news, insider Joan Bottarini sold 4,250 shares of Hyatt Hotels stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $128.72, for a total value of $547,060.00. Following the transaction, the insider now owns 11,301 shares in the company, valued at approximately $1,454,664.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Hyatt Hotels 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 value of $11,957,670.79. Following the transaction, the insider now owns 459,000 shares in the company, valued at $72,737,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joan Bottarini sold 4,250 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.72, for a total transaction of $547,060.00. Following the completion of the transaction, the insider now owns 11,301 shares in the company, valued at approximately $1,454,664.72. The disclosure for this sale can be found here. Insiders have sold a total of 2,077,803 shares of company stock worth $325,526,849 in the last 90 days. 23.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently modified their holdings of H. AE Wealth Management LLC increased its position in shares of Hyatt Hotels by 17.0% in the third quarter. AE Wealth Management LLC now owns 4,872 shares of the company’s stock valued at $517,000 after acquiring an additional 709 shares during the period. SG Americas Securities LLC purchased a new position in shares of Hyatt Hotels during the third quarter valued at about $157,000. Oak Thistle LLC purchased a new position in shares of Hyatt Hotels during the third quarter valued at about $542,000. Handelsbanken Fonder AB increased its position in shares of Hyatt Hotels by 15.1% during the third quarter. Handelsbanken Fonder AB now owns 457,500 shares of the company’s stock valued at $48,532,000 after buying an additional 60,000 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Hyatt Hotels by 21.8% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,400 shares of the company’s stock valued at $2,907,000 after buying an additional 4,900 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.