Hyatt Hotels Corporation (NYSE:H – Get Free Report) Director Susan Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the transaction, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. The trade was a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Hyatt Hotels Price Performance
Shares of Hyatt Hotels stock traded up $5.65 on Tuesday, reaching $179.80. The stock had a trading volume of 1,030,923 shares, compared to its average volume of 852,115. The business’s 50 day moving average is $158.18 and its two-hundred day moving average is $160.03. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 1 year low of $127.54 and a 1 year high of $180.53. The company has a market cap of $16.93 billion, a P/E ratio of -513.71 and a beta of 1.33.
Hyatt Hotels (NYSE:H – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same quarter in the previous year, the company earned $0.46 earnings per share. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.48 EPS for the current year.
Hyatt Hotels Dividend Announcement
Institutional Investors Weigh In On Hyatt Hotels
Several hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new position in shares of Hyatt Hotels in the 4th quarter worth about $26,000. Johnson Financial Group Inc. raised its holdings in shares of Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after buying an additional 144 shares in the last quarter. DV Equities LLC bought a new stake in Hyatt Hotels in the 4th quarter worth approximately $32,000. Ares Financial Consulting LLC purchased a new stake in Hyatt Hotels in the fourth quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on H shares. Wells Fargo & Company lifted their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday. Barclays lifted their price target on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Finally, Truist Financial raised their target price on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and an average target price of $185.50.
View Our Latest Analysis on Hyatt Hotels
Hyatt Hotels Company Profile
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.
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