Hyatt Hotels (NYSE:H) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a research report released on Monday.

Several other equities research analysts have also issued reports on the company. Evercore ISI lifted their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Susquehanna reduced their price target on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. Barclays lowered their price objective on shares of Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a report on Friday. Morgan Stanley reduced their target price on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Finally, HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a report on Friday. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels presently has an average rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Performance

NYSE:H opened at $143.07 on Monday. Hyatt Hotels has a twelve month low of $102.62 and a twelve month high of $162.24. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The stock has a market cap of $14.35 billion, a P/E ratio of 10.78 and a beta of 1.50. The business’s 50-day moving average price is $150.93 and its two-hundred day moving average price is $148.92.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted $0.70 earnings per share. As a group, equities analysts predict that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, November 22nd. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Activity

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 23.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several large investors have recently made changes to their positions in the business. LRI Investments LLC bought a new position in Hyatt Hotels during the 1st quarter valued at approximately $26,000. Summit Securities Group LLC purchased a new stake in Hyatt Hotels during the 2nd quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels in the 3rd quarter worth $30,000. Blue Trust Inc. raised its stake in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares during the last quarter. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Company Profile

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.