Insider Selling: Hyatt Hotels Co. (NYSE:H) Insider Sells 10,000 Shares of Stock

Hyatt Hotels Co. (NYSE:H) insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the transaction, the insider now owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This trade represents a 51.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hyatt Hotels Stock Performance

H stock traded down $2.24 during midday trading on Friday, hitting $121.68. 1,515,112 shares of the company traded hands, compared to its average volume of 820,045. The business has a 50 day simple moving average of $146.02 and a 200-day simple moving average of $151.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a twelve month low of $116.13 and a twelve month high of $168.20. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 9.78 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, equities research analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in H. Raymond James Financial Inc. acquired a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $77,136,000. Invesco Ltd. raised its position in Hyatt Hotels by 241.4% in the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares during the last quarter. Norges Bank acquired a new position in Hyatt Hotels in the fourth quarter worth $61,572,000. Alyeska Investment Group L.P. bought a new stake in shares of Hyatt Hotels during the fourth quarter worth $43,953,000. Finally, Deutsche Bank AG increased its stake in shares of Hyatt Hotels by 209.8% in the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company’s stock valued at $40,118,000 after buying an additional 173,075 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on H. Truist Financial lowered their price target on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Friday. Susquehanna upped their price objective on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Morgan Stanley dropped their target price on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Robert W. Baird reduced their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group dropped their price objective on Hyatt Hotels from $170.00 to $150.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.87.

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.