Key Points
- Hyatt insider David Udell sold shares. He sold 2,087 shares on June 2 at an average price of $188, totaling about $392,356, which reduced his direct ownership by 11.15%.
- The stock has been performing well recently. Hyatt opened at $186.18 and is near its 52-week high of $190, while recent earnings beat expectations on both EPS and revenue.
- Analysts and institutions remain constructive. Several brokerages raised price targets, and the stock carries a consensus Moderate Buy rating with an average target price of $191.00.
Hyatt Hotels Corporation (NYSE:H - Get Free Report) insider David Udell sold 2,087 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the completion of the transaction, the insider directly owned 16,638 shares of the company's stock, valued at $3,127,944. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
David Udell also recently made the following trade(s):
- On Monday, May 18th, David Udell sold 8,682 shares of Hyatt Hotels stock. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00.
Hyatt Hotels Stock Performance
NYSE H opened at $186.18 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. Hyatt Hotels Corporation has a 1 year low of $127.59 and a 1 year high of $190.00. The company has a market capitalization of $17.53 billion, a PE ratio of -531.93 and a beta of 1.33. The company has a fifty day moving average of $163.76 and a two-hundred day moving average of $161.60.
Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. As a group, analysts expect that Hyatt Hotels Corporation will post 3.59 earnings per share for the current year.
Hyatt Hotels Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels's dividend payout ratio is presently -171.43%.
Institutional Investors Weigh In On Hyatt Hotels
A number of hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Hyatt Hotels by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company's stock valued at $41,083,000 after acquiring an additional 32,048 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Hyatt Hotels by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company's stock valued at $20,911,000 after acquiring an additional 22,071 shares during the period. Assetmark Inc. lifted its position in shares of Hyatt Hotels by 4.4% during the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company's stock valued at $11,397,000 after acquiring an additional 3,387 shares during the period. Candlestick Capital Management LP lifted its position in shares of Hyatt Hotels by 53.9% during the 3rd quarter. Candlestick Capital Management LP now owns 631,290 shares of the company's stock valued at $89,599,000 after acquiring an additional 221,039 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Hyatt Hotels by 622.8% during the 3rd quarter. Citigroup Inc. now owns 197,309 shares of the company's stock valued at $28,004,000 after acquiring an additional 170,013 shares during the period. Institutional investors and hedge funds own 73.54% of the company's stock.
Hyatt Hotels News Roundup
Here are the key news stories impacting Hyatt Hotels this week:
Analyst Ratings Changes
Several brokerages have recently weighed in on H. Morgan Stanley increased their target price on shares of Hyatt Hotels from $195.00 to $208.00 and gave the stock an "overweight" rating in a research note on Monday. Truist Financial increased their target price on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a "buy" rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a research note on Saturday, May 23rd. Sanford C. Bernstein increased their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. Finally, Robert W. Baird increased their price target on Hyatt Hotels from $183.00 to $185.00 and gave the stock a "neutral" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of "Moderate Buy" and an average price target of $191.00.
View Our Latest Stock Analysis on Hyatt Hotels
About Hyatt Hotels
(
Get Free Report)
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.
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