Equities research analysts at Freedom Broker initiated coverage on shares of Hyatt Hotels (NYSE:H – Get Free Report) in a report released on Wednesday, Benzinga reports. The brokerage set a “buy” rating and a $192.00 price target on the stock. Freedom Broker’s price objective would indicate a potential upside of 19.81% from the stock’s previous close.
A number of other research analysts have also recently weighed in on H. Morgan Stanley lifted their price target on shares of Hyatt Hotels from $209.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho increased their target price on Hyatt Hotels from $221.00 to $222.00 and gave the company an “outperform” rating in a research note on Thursday, October 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, September 21st. Wolfe Research initiated coverage on shares of Hyatt Hotels in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $203.00 price target on the stock. Finally, Susquehanna decreased their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday. Eleven analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $197.31.
Get Our Latest Analysis on Hyatt Hotels
Hyatt Hotels Trading Down 1.6%
Hyatt Hotels (NYSE:H – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company earned $0.68 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that Hyatt Hotels will post 3.54 EPS for the current fiscal year.
Insider Activity at Hyatt Hotels
In other Hyatt Hotels news, insider Amar Lalvani sold 1,364 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the transaction, the insider owned 4,894 shares in the company, valued at approximately $798,015.64. The trade was a 21.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Kronick sold 1,700 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. The trade was a 5.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 23.60% of the company’s stock.
Institutional Trading of Hyatt Hotels
Several institutional investors have recently made changes to their positions in the stock. Raiffeisen Bank International AG increased its holdings in Hyatt Hotels by 140.8% in the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock worth $34,000 after buying an additional 100 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Hyatt Hotels during the 2nd quarter valued at about $39,000. Evelyn Partners Asset Management Ltd bought a new position in shares of Hyatt Hotels in the first quarter valued at approximately $38,000. Versant Capital Management Inc boosted its holdings in shares of Hyatt Hotels by 16.1% during the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock worth $75,000 after buying an additional 66 shares during the period. Finally, Allworth Financial LP grew its position in shares of Hyatt Hotels by 31.5% in the second quarter. Allworth Financial LP now owns 634 shares of the company’s stock valued at $123,000 after purchasing an additional 152 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.
The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.
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