Hyatt Hotels (NYSE:H) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Hyatt Hotels (NYSE:H – Get Rating) in a report published on Thursday. The brokerage issued a hold rating on the stock.

Other analysts also recently issued reports about the company. Barclays downgraded Hyatt Hotels from an overweight rating to an equal weight rating and lowered their price objective for the stock from $130.00 to $125.00 in a research note on Thursday, March 9th. TheStreet downgraded Hyatt Hotels from a b- rating to a c rating in a research note on Wednesday, December 21st. Morgan Stanley increased their price objective on Hyatt Hotels from $138.00 to $139.00 and gave the stock an overweight rating in a research note on Wednesday, March 1st. Robert W. Baird increased their price objective on Hyatt Hotels from $112.00 to $124.00 in a research note on Tuesday, March 7th. Finally, Truist Financial upped their target price on Hyatt Hotels from $132.00 to $145.00 and gave the company a buy rating in a report on Tuesday, February 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $121.57.

Hyatt Hotels Stock Down 1.4 %

H stock opened at $106.14 on Thursday. The stock’s 50 day simple moving average is $111.21 and its 200 day simple moving average is $97.81. Hyatt Hotels has a fifty-two week low of $70.12 and a fifty-two week high of $125.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $11.28 billion, a P/E ratio of 25.76 and a beta of 1.37.

Hyatt Hotels (NYSE:H – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The company reported $2.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $2.23. Hyatt Hotels had a return on equity of 10.22% and a net margin of 7.72%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business earned ($2.78) EPS. The firm’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, research analysts expect that Hyatt Hotels will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In other Hyatt Hotels news, insider Joan Bottarini sold 2,500 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $122.38, for a total transaction of $305,950.00. Following the completion of the transaction, the insider now directly owns 15,079 shares of the company’s stock, valued at $1,845,368.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,790 shares of the stock in a transaction on Friday, February 17th. The stock was sold at an average price of $113.93, for a total transaction of $203,934.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joan Bottarini sold 2,500 shares of the stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $122.38, for a total value of $305,950.00. Following the transaction, the insider now directly owns 15,079 shares of the company’s stock, valued at $1,845,368.02. The disclosure for this sale can be found here. Insiders sold a total of 55,860 shares of company stock valued at $6,367,941 over the last three months. Corporate insiders own 21.24% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors have recently made changes to their positions in the stock. Money Concepts Capital Corp lifted its position in shares of Hyatt Hotels by 335.2% during the fourth quarter. Money Concepts Capital Corp now owns 383 shares of the company’s stock worth $35,000 after acquiring an additional 295 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Hyatt Hotels by 136.4% during the first quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock worth $46,000 after acquiring an additional 281 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Hyatt Hotels during the fourth quarter worth $44,000. Wipfli Financial Advisors LLC purchased a new stake in shares of Hyatt Hotels during the third quarter worth $40,000. Finally, Heritage Wealth Management LLC purchased a new stake in shares of Hyatt Hotels in the second quarter worth $37,000. Hedge funds and other institutional investors own 46.89% of the company’s stock.

Hyatt Hotels Company Profile

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Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.