Stock Traders Buy High Volume of Hyatt Hotels Corporation Put Options (H)

Hyatt Hotels Corporation (NYSE:H) saw some unusual options trading on Friday. Stock traders purchased 638 put options on the stock. This is an increase of Infinity compared to the typical volume of 0 put options.

Hyatt Hotels Corporation (NYSE H) opened at $69.55 on Wednesday. The company has a market capitalization of $8,490.42, a price-to-earnings ratio of 38.79, a P/E/G ratio of 10.16 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. Hyatt Hotels Corporation has a 12 month low of $50.21 and a 12 month high of $70.95.

Hyatt Hotels Corporation (NYSE:H) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.09. Hyatt Hotels Corporation had a return on equity of 6.13% and a net margin of 4.66%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.47 earnings per share. equities analysts forecast that Hyatt Hotels Corporation will post 1.69 EPS for the current year.

Several equities research analysts have issued reports on H shares. SunTrust Banks, Inc. restated a “hold” rating and set a $61.00 target price on shares of Hyatt Hotels Corporation in a research report on Tuesday, October 17th. Berenberg Bank upgraded Hyatt Hotels Corporation from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.20 to $78.00 in a research report on Friday, November 10th. Morgan Stanley increased their target price on Hyatt Hotels Corporation from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. BidaskClub downgraded Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, FBR & Co restated an “outperform” rating and set a $66.00 target price (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $66.50.

In other news, insider Elsinore Trust sold 157,476 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $61.48, for a total value of $9,681,624.48. Following the completion of the transaction, the insider now directly owns 32,125 shares of the company’s stock, valued at $1,975,045. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen G. Haggerty sold 46,869 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $61.77, for a total value of $2,895,098.13. Following the transaction, the insider now directly owns 32,125 shares of the company’s stock, valued at $1,984,361.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 242,485 shares of company stock valued at $14,884,343. 27.51% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of Hyatt Hotels Corporation by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after purchasing an additional 84 shares during the last quarter. Amalgamated Bank grew its stake in shares of Hyatt Hotels Corporation by 2.0% in the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock worth $253,000 after purchasing an additional 91 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Hyatt Hotels Corporation by 1.7% in the second quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock worth $342,000 after purchasing an additional 100 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Hyatt Hotels Corporation by 3.7% in the second quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock worth $377,000 after buying an additional 240 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Hyatt Hotels Corporation by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock worth $228,000 after buying an additional 272 shares during the period. 31.46% of the stock is currently owned by institutional investors.

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Hyatt Hotels Corporation 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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