Hyatt Hotels (NYSE:H) Stock Rating Upgraded by Wells Fargo & Company

Hyatt Hotels (NYSE:H) was upgraded by research analysts at Wells Fargo & Company to a “hold” rating in a report issued on Monday,Zacks.com reports.

H has been the topic of a number of other reports. Truist Financial upped their target price on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $147.00 to $168.00 in a report on Wednesday, October 22nd. Barclays lifted their target price on Hyatt Hotels from $156.00 to $161.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Thursday, November 13th. Finally, Wall Street Zen lowered Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average target price of $157.53.

Hyatt Hotels Price Performance

Shares of H stock opened at $149.86 on Monday. Hyatt Hotels has a 52 week low of $102.43 and a 52 week high of $168.20. The stock has a market capitalization of $14.23 billion, a PE ratio of 35.60, a PEG ratio of 2.54 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s fifty day moving average is $145.52 and its 200-day moving average is $141.09.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Insider Transactions at Hyatt Hotels

In related news, insider Peter Sears sold 12,394 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares in the company, valued at $869,922.94. This trade represents a 68.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Udell sold 4,131 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $151.10, for a total transaction of $624,194.10. Following the transaction, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,531,831.60. This represents a 19.78% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 23,586 shares of company stock worth $3,611,550. Company insiders own 23.70% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently made changes to their positions in the company. Bamco Inc. NY increased its position in shares of Hyatt Hotels by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 21.8% in the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hyatt Hotels by 0.5% during the first quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company’s stock worth $480,260,000 after purchasing an additional 21,190 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Hyatt Hotels by 7.2% during the 3rd quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock valued at $448,437,000 after purchasing an additional 211,112 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Hyatt Hotels by 24.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock valued at $392,548,000 after purchasing an additional 545,003 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.