Hyatt Hotels Corporation (NYSE:H) Given Consensus Rating of “Hold” by Brokerages
Hyatt Hotels Corporation (NYSE:H) has received an average rating of “Hold” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $56.08.
H has been the subject of several recent research reports. FBR & Co reissued a “buy” rating on shares of Hyatt Hotels Corporation in a research report on Monday, May 15th. Stifel Nicolaus increased their price target on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the company a “hold” rating in a research report on Monday, May 15th. Deutsche Bank AG reissued a “hold” rating and set a $60.00 price target (up from $59.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday. Wolfe Research raised Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Hyatt Hotels Corporation in a research report on Thursday, May 11th.
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In other news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $57.53, for a total transaction of $230,120,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Don G.C. Trust #8 sold 42,146 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $59.55, for a total value of $2,509,794.30. Following the transaction, the insider now owns 42,146 shares in the company, valued at approximately $2,509,794.30. The disclosure for this sale can be found here. 25.50% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Hyatt Hotels Corporation by 19.5% in the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock worth $155,055,000 after buying an additional 469,675 shares during the period. Morgan Stanley raised its position in shares of Hyatt Hotels Corporation by 85.5% in the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock worth $141,682,000 after buying an additional 1,209,744 shares during the period. Wellington Management Group LLP raised its position in shares of Hyatt Hotels Corporation by 8.5% in the first quarter. Wellington Management Group LLP now owns 1,657,114 shares of the company’s stock worth $89,451,000 after buying an additional 129,225 shares during the period. Jennison Associates LLC raised its position in shares of Hyatt Hotels Corporation by 2.8% in the first quarter. Jennison Associates LLC now owns 1,615,212 shares of the company’s stock worth $87,189,000 after buying an additional 44,231 shares during the period. Finally, Marshall Wace North America L.P. raised its position in shares of Hyatt Hotels Corporation by 35.8% in the second quarter. Marshall Wace North America L.P. now owns 952,368 shares of the company’s stock worth $53,333,000 after buying an additional 251,253 shares during the period. Institutional investors own 31.05% of the company’s stock.
Hyatt Hotels Corporation (H) opened at 56.50 on Friday. The company has a 50 day moving average price of $56.32 and a 200-day moving average price of $55.47. The company has a market capitalization of $7.06 billion, a P/E ratio of 28.34 and a beta of 1.28. Hyatt Hotels Corporation has a 52 week low of $47.94 and a 52 week high of $61.07.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. On average, equities analysts anticipate that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
Hyatt Hotels Corporation announced that its board has initiated a stock repurchase plan on Thursday, May 4th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
About Hyatt Hotels Corporation
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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