Hyatt Hotels Corp. (H) Sees Large Volume Increase
Shares of Hyatt Hotels Corp. (NYSE:H) saw unusually-strong trading volume on Tuesday . Approximately 402,378 shares traded hands during trading, an increase of 1% from the previous session’s volume of 397,018 shares.The stock last traded at $50.63 and had previously closed at $51.27.
Several equities analysts have commented on H shares. Vetr raised shares of Hyatt Hotels Corp. from a “buy” rating to a “strong-buy” rating and set a $52.61 target price on the stock in a research report on Thursday, April 21st. SunTrust Banks Inc. lowered shares of Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, April 18th. JPMorgan Chase & Co. lowered shares of Hyatt Hotels Corp. from an “overweight” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Wednesday, June 1st. Bank of America Corp. lowered shares of Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $49.00 in a research note on Thursday, May 19th. Finally, Wells Fargo & Co. lowered shares of Hyatt Hotels Corp. from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 14th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.25.
The firm has a 50 day moving average of $48.71 and a 200-day moving average of $46.00. The firm has a market capitalization of $6.80 billion and a price-to-earnings ratio of 52.61.
Hyatt Hotels Corp. (NYSE:H) last announced its earnings results on Tuesday, May 3rd. The company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, analysts anticipate that Hyatt Hotels Corp. will post $1.33 EPS for the current fiscal year.
In other Hyatt Hotels Corp. news, insider Patrick J. Grismer bought 25,000 shares of Hyatt Hotels Corp. stock in a transaction on Friday, May 6th. The stock was acquired at an average cost of $48.98 per share, with a total value of $1,224,500.00. Following the completion of the acquisition, the insider now owns 25,000 shares in the company, valued at $1,224,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Hyatt Hotels Corp. stock. First Trust Advisors LP increased its stake in shares of Hyatt Hotels Corp. (NYSE:H) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,639 shares of the company’s stock after buying an additional 35,957 shares during the period. First Trust Advisors LP owned 0.19% of Hyatt Hotels Corp. worth $12,443,000 as of its most recent SEC filing.
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.