Insider Selling: Hyatt Hotels (NYSE:H) Insider Sells 400 Shares of Stock

Hyatt Hotels Corporation (NYSE:H) insider Kinsey Wolf sold 400 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the sale, the insider owned 545 shares in the company, valued at $80,267.60. The trade was a 42.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kinsey Wolf also recently made the following trade(s):

• On Thursday, March 19th, Kinsey Wolf sold 400 shares of Hyatt Hotels stock. The stock was sold at an average price of $144.34, for a total transaction of $57,736.00.

Hyatt Hotels Trading Up 2.5%

Shares of NYSE H traded up $3.61 during midday trading on Monday, reaching $145.72. The stock had a trading volume of 631,248 shares, compared to its average volume of 907,806. The company’s 50 day moving average price is $160.08 and its 200 day moving average price is $155.01. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.75 and a current ratio of 0.75. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $180.53. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of -260.21, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $1.04. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. During the same period in the prior year, the company posted $0.42 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is -107.14%.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently modified their holdings of the company. Johnson Financial Group Inc. grew its position in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares during the period. Los Angeles Capital Management LLC acquired a new position in Hyatt Hotels during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 107 shares in the last quarter. DV Equities LLC acquired a new position in shares of Hyatt Hotels during the fourth quarter valued at about $32,000. Finally, Quent Capital LLC bought a new stake in shares of Hyatt Hotels during the third quarter worth about $34,000. 73.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on H shares. The Goldman Sachs Group initiated coverage on shares of Hyatt Hotels in a research report on Wednesday, January 14th. They set a “buy” rating and a $198.00 price objective for the company. Citigroup increased their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company raised their price target on shares of Hyatt Hotels from $167.00 to $171.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Finally, Morgan Stanley cut their price objective on shares of Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $175.80.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.