Hyatt Hotels Corporation (NYSE:H) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Hyatt Hotels Corporation (NYSE:H) have been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $192.40.

Several research firms have recently weighed in on H. Barclays boosted their target price on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Sanford C. Bernstein raised their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Mizuho upped their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. Finally, HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research note on Thursday, June 4th.

Insider Activity at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 237,058 shares of company stock valued at $40,036,071. Company insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Hyatt Hotels in the fourth quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares in the last quarter. DV Equities LLC acquired a new stake in Hyatt Hotels during the fourth quarter valued at $32,000. Finally, Ares Financial Consulting LLC purchased a new position in Hyatt Hotels in the fourth quarter valued at about $34,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Trading Up 2.6%

Shares of Hyatt Hotels stock opened at $202.19 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of -577.68 and a beta of 1.33. The stock has a 50 day moving average of $174.06 and a 200 day moving average of $164.33. Hyatt Hotels has a fifty-two week low of $127.59 and a fifty-two week high of $206.49.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business earned $0.46 EPS. As a group, research analysts predict that Hyatt Hotels will post 3.58 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, May 29th. Hyatt Hotels’s payout ratio is currently -171.43%.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.