Hyatt Hotels (NYSE:H) Raised to “Hold” at Wells Fargo & Company

Hyatt Hotels (NYSE:H) was upgraded by analysts at Wells Fargo & Company to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Citigroup raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Truist Financial lifted their target price on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $155.00 to $158.00 and gave the company a “hold” rating in a report on Monday, November 10th. Finally, Robert W. Baird lifted their price objective on Hyatt Hotels from $150.00 to $154.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.53.

Hyatt Hotels Trading Up 0.4%

Shares of NYSE:H opened at $149.86 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $14.23 billion, a PE ratio of 35.60, a P/E/G ratio of 2.54 and a beta of 1.43. Hyatt Hotels has a 1 year low of $102.43 and a 1 year high of $168.20. The firm has a fifty day moving average price of $145.52 and a 200 day moving average price of $141.09.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.Hyatt Hotels’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. Analysts expect that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insider Activity at Hyatt Hotels

In other news, insider Peter Sears sold 12,394 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares in the company, valued at approximately $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Udell sold 4,131 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $151.10, for a total value of $624,194.10. Following the completion of the transaction, the insider directly owned 16,756 shares of the company’s stock, valued at approximately $2,531,831.60. This trade represents a 19.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 23,586 shares of company stock valued at $3,611,550. Insiders own 23.70% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. boosted its holdings in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Hyatt Hotels in the 1st quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its stake in Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Hyatt Hotels during the third quarter worth $34,000. 73.54% of the stock is owned by institutional investors.

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.