Hyatt Hotels (NYSE:H) Sets New 52-Week High – Here’s Why

Hyatt Hotels Corporation (NYSE:H)’s share price hit a new 52-week high on Thursday . The stock traded as high as $206.49 and last traded at $202.1880, with a volume of 1183859 shares trading hands. The stock had previously closed at $197.03.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Sanford C. Bernstein lifted their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Susquehanna cut their price target on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Robert W. Baird lifted their price target on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research note on Friday, May 29th. Finally, Barclays lifted their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Hyatt Hotels has an average rating of “Moderate Buy” and a consensus price target of $192.40.

Hyatt Hotels Trading Up 2.6%

The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of -577.68 and a beta of 1.33. The company has a fifty day moving average of $174.06 and a 200-day moving average of $164.33.

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

Hyatt Hotels Dividend Announcement

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

Insider Buying and Selling 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 legal filing with the SEC, which can be accessed through this link. Also, insider David Udell sold 8,682 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $172.00, for a total value of $1,493,304.00. Following the transaction, the insider owned 13,338 shares in the company, valued at approximately $2,294,136. This represents a 39.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 237,058 shares of company stock worth $40,036,071. 23.60% of the stock is owned by company insiders.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently made changes to their positions in H. Goldman Sachs Group Inc. raised its position in shares of Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after buying an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hyatt Hotels by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after buying an additional 11,252 shares during the period. Norges Bank purchased a new stake in shares of Hyatt Hotels during the 2nd quarter valued at approximately $616,000. Daiwa Securities Group Inc. raised its position in shares of Hyatt Hotels by 394.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after buying an additional 13,812 shares during the period. Finally, Sei Investments Co. raised its position in shares of Hyatt Hotels by 61.0% during the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock valued at $9,609,000 after buying an additional 26,073 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

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.