Hyatt Hotels Corp. (H) Stock Price Down 3%
Shares of Hyatt Hotels Corp. (NYSE:H) fell 3% on Wednesday . The stock traded as low as $50.19 and last traded at $50.37, with a volume of 308,827 shares traded. The stock had previously closed at $51.92.
Several brokerages have weighed in on H. Bank of America Corp. cut Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $49.00 in a report on Thursday, May 19th. Wells Fargo & Co. reissued a “buy” rating on shares of Hyatt Hotels Corp. in a report on Tuesday, May 3rd. Vetr cut Hyatt Hotels Corp. from a “strong-buy” rating to a “buy” rating and set a $53.68 price target for the company. in a research note on Friday, April 29th. Citigroup Inc. upped their price target on Hyatt Hotels Corp. from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 12th. Finally, Telsey Advisory Group upped their price target on Hyatt Hotels Corp. from $49.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, May 4th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $53.79.
The firm’s 50 day moving average price is $49.35 and its 200-day moving average price is $46.34. The firm has a market cap of $6.77 billion and a price-to-earnings ratio of 52.36.
Hyatt Hotels Corp. (NYSE:H) last issued its earnings results on Tuesday, May 3rd. The company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. During the same period in the prior year, the company earned $0.11 earnings per share. On average, equities analysts expect that Hyatt Hotels Corp. will post $1.32 earnings per share for the current year.
In other Hyatt Hotels Corp. news, insider Patrick J. Grismer bought 25,000 shares of the stock in a transaction on Friday, May 6th. The stock was acquired at an average cost of $48.98 per share, for a total transaction of $1,224,500.00. Following the completion of the acquisition, the insider now owns 25,000 shares in the company, valued at approximately $1,224,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A hedge fund recently raised its stake in Hyatt Hotels Corp. stock. California State Teachers Retirement System boosted its stake in shares of Hyatt Hotels Corp. (NYSE:H) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,127 shares of the company’s stock after buying an additional 1,047 shares during the period. California State Teachers Retirement System’s holdings in Hyatt Hotels Corp. were worth $3,062,000 at the end of the most recent reporting period.
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.
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