StockNews.com Lowers Hyatt Hotels (NYSE:H) to Sell

StockNews.com lowered shares of Hyatt Hotels (NYSE:HFree Report) from a hold rating to a sell rating in a research report report published on Tuesday.

A number of other research firms have also recently commented on H. Jefferies Financial Group raised their price target on Hyatt Hotels from $104.00 to $127.00 and gave the company a hold rating in a report on Tuesday, January 2nd. Robert W. Baird raised their price target on Hyatt Hotels from $116.00 to $134.00 and gave the company a neutral rating in a report on Tuesday, February 13th. Redburn Atlantic cut Hyatt Hotels from a buy rating to a neutral rating and raised their price target for the company from $120.00 to $130.00 in a report on Tuesday, January 16th. TheStreet upgraded Hyatt Hotels from a c+ rating to a b- rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada raised their price objective on Hyatt Hotels from $37.00 to $41.00 and gave the company a sector perform rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Hyatt Hotels has a consensus rating of Hold and an average price target of $134.56.

Get Our Latest Report on Hyatt Hotels

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $159.13 on Tuesday. Hyatt Hotels has a one year low of $96.77 and a one year high of $159.93. The stock’s fifty day moving average is $141.15 and its 200 day moving average is $123.40. The stock has a market cap of $16.37 billion, a P/E ratio of 78.00, a P/E/G ratio of 22.88 and a beta of 1.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 0.60.

Hyatt Hotels (NYSE:HGet Free Report) last announced its earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Hyatt Hotels had a return on equity of 7.59% and a net margin of 3.30%. During the same period last year, the firm earned $2.55 EPS. Sell-side analysts anticipate that Hyatt Hotels will post 3.2 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 annualized dividend and a yield of 0.38%. Hyatt Hotels’s dividend payout ratio is currently 29.41%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Margaret C. Egan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now owns 20,546 shares in the company, valued at $3,241,747.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Hyatt Hotels news, insider Margaret C. Egan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.78, for a total transaction of $157,780.00. Following the completion of the transaction, the insider now owns 20,546 shares in the company, valued at $3,241,747.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jnp Parachute Mirror Trust L sold 66,701 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $126.21, for a total value of $8,418,333.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,440,275 shares of company stock worth $222,698,127. Corporate insiders own 21.24% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently modified their holdings of H. Bank of New York Mellon Corp raised its stake in shares of Hyatt Hotels by 59.4% during the first quarter. Bank of New York Mellon Corp now owns 256,384 shares of the company’s stock valued at $24,472,000 after acquiring an additional 95,574 shares in the last quarter. American Century Companies Inc. raised its stake in Hyatt Hotels by 31.4% in the first quarter. American Century Companies Inc. now owns 3,991 shares of the company’s stock worth $381,000 after buying an additional 953 shares in the last quarter. Citigroup Inc. raised its stake in Hyatt Hotels by 13.2% in the first quarter. Citigroup Inc. now owns 18,865 shares of the company’s stock worth $1,801,000 after buying an additional 2,194 shares in the last quarter. Natixis Advisors L.P. bought a new position in Hyatt Hotels in the first quarter worth approximately $1,214,000. Finally, MetLife Investment Management LLC bought a new position in Hyatt Hotels in the first quarter worth approximately $94,000. Institutional investors own 46.03% of the company’s stock.

About Hyatt Hotels

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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.

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Analyst Recommendations for Hyatt Hotels (NYSE:H)

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