Hyatt Hotels (NYSE:H) Raised to “Hold” at Hsbc Global Res

Hyatt Hotels (NYSE:H) was upgraded by equities research analysts at Hsbc Global Res to a “hold” rating in a research report issued on Friday, Zacks.com reports.

Other research analysts have also recently issued reports about the stock. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Friday. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a report on Thursday, October 17th. Bank of America raised their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Evercore ISI raised their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $151.62.

Hyatt Hotels Stock Down 0.3 %

Hyatt Hotels stock opened at $145.08 on Friday. The stock has a market cap of $14.55 billion, a P/E ratio of 15.65 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels has a twelve month low of $96.77 and a twelve month high of $162.24. The company’s 50-day moving average price is $150.93 and its two-hundred day moving average price is $148.93.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same period in the prior year, the firm earned $0.70 EPS. As a group, analysts expect that Hyatt Hotels will post 3.87 EPS for the current year.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Andra AP fonden grew its holdings in shares of Hyatt Hotels by 51.2% during the second quarter. Andra AP fonden now owns 35,400 shares of the company’s stock valued at $5,378,000 after buying an additional 11,994 shares during the last quarter. III Capital Management purchased a new position in Hyatt Hotels during the second quarter worth about $871,000. BNP Paribas Financial Markets boosted its holdings in Hyatt Hotels by 165.7% during the first quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after purchasing an additional 33,603 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Hyatt Hotels by 31.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company’s stock worth $6,300,000 after purchasing an additional 9,559 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Hyatt Hotels during the first quarter worth about $3,413,000. 71.02% of the stock is owned by 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.