Wells Fargo & Company Has Lowered Expectations for Hyatt Hotels (NYSE:H) Stock Price

Hyatt Hotels (NYSE:H) had its target price reduced by Wells Fargo & Company from $172.00 to $170.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

H has been the topic of a number of other reports. Robert W. Baird lifted their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Jefferies Financial Group boosted their price target on Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley dropped their price objective on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. The Goldman Sachs Group boosted their target price on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.38.

Hyatt Hotels Price Performance

NYSE:H opened at $166.52 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50-day moving average of $157.28 and a 200-day moving average of $152.22. Hyatt Hotels has a 52 week low of $125.44 and a 52 week high of $168.20. The company has a market capitalization of $15.99 billion, a price-to-earnings ratio of 12.55 and a beta of 1.48.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Hyatt Hotels during the fourth quarter worth about $77,136,000. Cullen Frost Bankers Inc. boosted its stake in Hyatt Hotels by 14.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 69,088 shares of the company’s stock worth $10,845,000 after acquiring an additional 8,510 shares during the last quarter. Arizona State Retirement System grew its holdings in Hyatt Hotels by 0.9% during the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock valued at $2,049,000 after purchasing an additional 110 shares during the period. Aigen Investment Management LP increased its stake in Hyatt Hotels by 15.6% in the fourth quarter. Aigen Investment Management LP now owns 4,715 shares of the company’s stock valued at $740,000 after purchasing an additional 637 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Hyatt Hotels during the fourth quarter worth $7,072,000. Institutional investors own 73.54% 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.