StockNews.com Upgrades Hyatt Hotels (NYSE:H) to Hold

Hyatt Hotels (NYSE:H) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other research firms also recently issued reports on H. Sanford C. Bernstein upped their price objective on shares of Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Truist Financial cut their price objective on shares of Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. TD Cowen upped their price objective on shares of Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Barclays upped their price objective on shares of Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Robert W. Baird increased their price target on shares of Hyatt Hotels from $160.00 to $162.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $150.69.

Hyatt Hotels Stock Up 1.5 %

Shares of Hyatt Hotels stock traded up $2.27 during trading on Monday, reaching $157.19. The company’s stock had a trading volume of 363,096 shares, compared to its average volume of 602,653. The company has a 50-day simple moving average of $149.02 and a two-hundred day simple moving average of $145.68. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $161.50. The company has a market cap of $15.90 billion, a price-to-earnings ratio of 24.41 and a beta of 1.51. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the company earned $0.41 EPS. As a group, equities analysts forecast that Hyatt Hotels will post 3.48 earnings per share for the current year.

Insider Transactions at Hyatt Hotels

In other news, insider Joan Bottarini sold 305 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the transaction, the insider now owns 15,799 shares in the company, valued at approximately $2,338,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total value of $45,140.00. Following the transaction, the insider now owns 15,799 shares in the company, valued at approximately $2,338,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Insiders have sold 12,189 shares of company stock valued at $1,815,619 in the last 90 days. 23.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC increased its position in shares of Hyatt Hotels by 1.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock worth $1,042,000 after purchasing an additional 70 shares during the last quarter. Red Spruce Capital LLC increased its position in shares of Hyatt Hotels by 0.7% during the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after purchasing an additional 92 shares during the last quarter. Procyon Advisors LLC increased its position in shares of Hyatt Hotels by 3.8% during the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock worth $343,000 after purchasing an additional 96 shares during the last quarter. GAMMA Investing LLC grew its position in Hyatt Hotels by 17.6% in the 2nd quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock valued at $117,000 after acquiring an additional 115 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

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.