Hyatt Hotels Corporation (NYSE: H) Mark R. Vondrasek sold 849 shares of the company’s stock in a transaction on Monday, November 22nd. The stock sold for an average price of $84.10, with a total value of $71,400.90. The deal was disclosed in a document filed with the Securities and Exchange Commission, which is available through the Saudi Electricity and Exchange Company’s website.
Shares of NYSE H traded up $0.09 during trading Tuesday, reaching $84.11. 573,849 shares of the company’s stock were traded, compared to an average trading volume of 627,479. The company’s 50-day simple moving average is $82.78 and the 200-day simple moving average is $78.93. The stock has a market capitalization of $9.25 billion, a price-earnings ratio of -21.45 and a beta of 1.46. The Hyatt hotel company had a 12-month low of $65.44 and a 12-month high of $94.92. The company’s current ratio is 3.70, the quick ratio is 3.69 and the debt-to-equity ratio is 0.83.
Hyatt Hotels (NYSE: H) released its latest quarterly earnings data on Wednesday, November 3rd. The company reported earnings of $2.31 per share for the quarter, topping Zacks’ consensus estimate of ($0.39) by $2.70. Hyatt delivered a negative return on equity of 13.27% and a negative net margin of 16.67%. The company generated $851.00 million in revenue for the quarter, compared to analyst estimates of $860.31 million. During the same quarter last year, the company reported ($1.48) earnings per share. As a group, research analysts expect Hyatt Hotels Inc. to post -3.15 earnings per share for the current year.
H has been the subject of a number of recent analyst reports. Robert W. Bird reissued a “hold” rating for Hyatt Hotels’ shares in a research report on Tuesday, August 17th. Bank of America lowered Hyatt Hotels from a “neutral” rating to a “underperforming” rating and set an $85.00 target price for the company. In a research note on Monday, September 27. Credit Suisse Group raised its price target on Hyatt hotels from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, August 20. TheStreet upgraded Hyatt Hotels’ rating from “d +” to a “c-” rating in a research note on Thursday, October 14th. Finally, Loop Capital began covering Hyatt hotels in a research note on Tuesday, October 5th. They issued a “hold” rating and an $80.00 target price for the company. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a price target of $75.62.
A number of hedge funds have recently bought and sold shares of stock. AQR Capital Management LLC acquired a new position in shares of Hyatt Hotels during the first quarter valued at approximately $1,831,000. California Teachers’ Retirement System increased its holdings of Hyatt Hotels shares by 1.6% during the first quarter. The California State Teachers’ Retirement System now owns 61.765 shares of the company’s stock, valued at $5,108,000 after purchasing an additional 968 shares during the period. Morgan Stanley grew its stake in Hyatt Hotels shares by 28.4% during the first quarter. Morgan Stanley now owns 531,464 shares of the company’s stock, valued at $43,953,000 after purchasing an additional 117,661 shares during the period. Verition Fund Management LLC purchased a new position in shares of Hyatt Hotels during the first quarter worth $211,000. Finally, the Canada Pension Plan Investment Board grew its holdings in Hyatt Hotels stock by 31.8% during the first quarter. The Canada Pension Plan Investment Board now owns 746 shares of the company’s stock, valued at $62,000, after purchasing an additional 180 shares during the period. 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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