Hyatt Hotels Corporation (NYSE:H) Alejandro Renal, an insider, acquired 24,000 shares of the stock in a transaction on Thursday, December 16. The stock was purchased at an average cost of $83.25 per share, for a total value of $1,998,000.00. The acquisition was disclosed on file with the Securities and Exchange Commission, which can be accessed through this link.
Hyatt Hotels stock fell $0.35 during midday Monday to $83.25. 706,879 shares of the company’s stock were traded, against an average trading volume of 654,232. The company’s current ratio is 3.70, the quick ratio is 3.69 and the debt-to-equity ratio is 0.83. Hyatt has a one-year low of $65.44 and a one-year high of $94.92. The stock has a 50-day moving average of $84.39 and a 200-day moving average of $79.58.
Hyatt Hotels (NYSE:H) released its latest earnings results on Wednesday, November 3rd. The company reported $2.31 earnings per share for the quarter, topping Thomson Reuters’ estimates of ($0.39) by $2.70. The company generated $851.00 million in revenue for the quarter, compared to the consensus estimate of $860.31 million. Hyatt achieved a net negative margin of 16.67% and a negative return on equity of 13.27%. During the same period in the previous year, the company reported earnings ($1.48) per share. On average, analysts have expected Hyatt to generate 2.42 earnings per share for the current fiscal year.
A number of brokerages recently released reports that H. TheStreet upgraded Hyatt hotels from a “d+” rating to a “c-” rating in a report released on Thursday, October 14th. Trust Securities raised its price target on Hyatt hotels from $76.00 to $78.00 and gave the stock a “booking” rating in a research report on Friday, December 3rd. Loop Capital raised Hyatt’s rating of “hold” to “buy” and raised its share price target from $85.00 to $94.00 in a research report on Thursday, December 2nd. Sanford C. Bernstein began covering Hyatt hotels in a research report on Monday, December 13. They set a “Superior” rating and a $105.00 price target for the company. Finally, Wells Fargo & Company upgraded Hyatt Hotels from an “equal weight” rating to an overweight rating and increased its price target for the company from $82.00 to $96.00 in a research report on Wednesday, November 17. Two investment analysts have rated the stock with a sell rating, 12 have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hyatt hotels currently have an average rating of “Hold” and a price target of $79.38.
A number of hedge funds have recently added or reduced their stakes in the business. Deseret Mutual Benefit Administrators bought a new stake in shares of Hyatt Hotels in the second quarter valued at approximately $33,000. Penserra Capital Management LLC purchased a new position in Hyatt Hotels during the second quarter valued at $33,000. Berman Capital Advisors LLC raised its stake in Hyatt Hotels by 6,220.0% during the third quarter. Berman Capital Advisors LLC now owns 632 shares of the company’s stock, valued at $48,000 after purchasing an additional 622 shares during the period. Herold Advisors Inc. New locations in Hyatt Hotels during the third quarter valued at approximately $61,000. Finally, Metropolitan Life Insurance of New York acquired a new position in Hyatt hotels during the second quarter valued at approximately $65,000. Institutional investors own 39.39% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Company participates in the development and management of hotel and resort chains. It operates through the following divisions: Owned and rented hotels. Americas Management and Franchise; ASPAC Management and Franchise; and EAME/Southwest Asia and Franchise Management. The owned and leased hotel segment provides hospitality and hotel services.
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