Hyatt Hotels Co. (NYSE:H) – Equities researchers at FBR & Co issued their FY2017 earnings estimates for shares of Hyatt Hotels in a note issued to investors on Monday. FBR & Co analyst Maher. B anticipates that the company will post earnings of $1.42 per share for the year. FBR & Co currently has a “Buy” rating and a $63.00 price target on the stock. FBR & Co also issued estimates for Hyatt Hotels’ FY2018 earnings at $1.38 EPS and FY2019 earnings at $1.53 EPS.
Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, May 4th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.49. Hyatt Hotels had a net margin of 4.49% and a return on equity of 5.33%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business earned $0.25 earnings per share.
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Several other brokerages have also recently issued reports on H. Berenberg Bank cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and upped their price target for the company from $54.50 to $60.00 in a research report on Wednesday, January 25th. Zacks Investment Research cut shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 22nd. Morgan Stanley upgraded shares of Hyatt Hotels from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $51.48 to $53.00 in a research report on Tuesday, March 7th. Stifel Nicolaus upped their price target on shares of Hyatt Hotels from $54.00 to $59.00 and gave the company a “hold” rating in a research report on Friday, May 5th. Finally, Guggenheim assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, April 26th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.20.
Hyatt Hotels (NYSE:H) opened at 57.99 on Wednesday. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 32.02 and a beta of 1.34. Hyatt Hotels has a 12 month low of $44.30 and a 12 month high of $58.57. The stock’s 50 day moving average is $54.57 and its 200-day moving average is $54.05.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Hyatt Hotels by 11.2% in the first quarter. Pacer Advisors Inc. now owns 5,070 shares of the company’s stock valued at $274,000 after buying an additional 512 shares in the last quarter. Oxford Asset Management raised its position in shares of Hyatt Hotels by 78.3% in the first quarter. Oxford Asset Management now owns 22,708 shares of the company’s stock valued at $1,226,000 after buying an additional 9,971 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of Hyatt Hotels by 169.3% in the first quarter. Engineers Gate Manager LP now owns 85,600 shares of the company’s stock valued at $4,621,000 after buying an additional 53,813 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Hyatt Hotels during the first quarter valued at about $900,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of Hyatt Hotels by 23.6% in the first quarter. UBS Asset Management Americas Inc. now owns 5,070 shares of the company’s stock valued at $274,000 after buying an additional 967 shares in the last quarter. 19.52% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider H. Charles Floyd sold 15,000 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $58.00, for a total transaction of $870,000.00. Following the transaction, the insider now directly owns 64,263 shares of the company’s stock, valued at $3,727,254. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Elsinore Trust sold 70,000 shares of the stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $52.38, for a total transaction of $3,666,600.00. Following the transaction, the insider now directly owns 338,479 shares in the company, valued at $17,729,530.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,828 shares of company stock worth $9,069,488. Insiders own 25.50% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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