Hyatt Hotels Corporation (H) Insider Don G.C. Trust #8 Sells 42,146 Shares
Hyatt Hotels Corporation (NYSE:H) insider Don G.C. Trust #8 sold 42,146 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total transaction of $2,509,794.30. Following the sale, the insider now owns 42,146 shares of the company’s stock, valued at $2,509,794.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Hyatt Hotels Corporation (NYSE:H) traded down 1.36% on Thursday, reaching $56.52. 1,288,088 shares of the company traded hands. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 28.35 and a beta of 1.28. The company has a 50-day moving average of $56.34 and a 200-day moving average of $55.45. Hyatt Hotels Corporation has a 1-year low of $47.94 and a 1-year high of $61.07.
Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.17. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. Analysts anticipate that Hyatt Hotels Corporation will post $1.59 earnings per share for the current fiscal year.
Hyatt Hotels Corporation declared that its board has authorized a share repurchase plan on Thursday, May 4th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 6.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. purchased a new position in Hyatt Hotels Corporation during the second quarter worth $151,000. Federated Investors Inc. PA purchased a new position in Hyatt Hotels Corporation during the second quarter worth $216,000. UBS Asset Management Americas Inc. purchased a new position in Hyatt Hotels Corporation during the fourth quarter worth $227,000. Campbell & CO Investment Adviser LLC purchased a new position in Hyatt Hotels Corporation during the second quarter worth $232,000. Finally, Bridgewater Associates LP purchased a new position in Hyatt Hotels Corporation during the second quarter worth $254,000. 31.05% of the stock is owned by institutional investors.
A number of equities research analysts have weighed in on the stock. FBR & Co reiterated an “outperform” rating and set a $66.00 target price (up from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday. Deutsche Bank AG restated a “hold” rating and issued a $60.00 price objective (up from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday. BidaskClub upgraded Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. Finally, Stifel Nicolaus upped their price objective on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $56.46.
Hyatt Hotels Corporation Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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