Hyatt Hotels (NYSE:H) Upgraded at StockNews.com

StockNews.com upgraded shares of Hyatt Hotels (NYSE:H) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

A number of other equities research analysts have also issued reports on H. Susquehanna dropped their price objective on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, August 14th. Macquarie reduced their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. HSBC lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Friday, November 1st. Finally, Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $151.57.

Hyatt Hotels Stock Up 7.0 %

H opened at $153.11 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels has a twelve month low of $103.89 and a twelve month high of $162.24. The company has a market cap of $15.36 billion, a PE ratio of 11.54 and a beta of 1.50. The company has a 50-day moving average price of $150.87 and a 200 day moving average price of $148.90.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the business posted $0.70 earnings per share. Sell-side analysts expect that Hyatt Hotels will post 3.86 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at approximately $93,389,982.12. The trade was a 0.00 % 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 hyperlink. Corporate insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its stake in shares of Hyatt Hotels by 165.7% in the 1st quarter. BNP Paribas Financial Markets now owns 53,887 shares of the company’s stock worth $8,601,000 after acquiring an additional 33,603 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Hyatt Hotels in the 1st quarter valued at approximately $85,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Hyatt Hotels by 152.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the company’s stock valued at $551,000 after buying an additional 2,084 shares in the last quarter. Embree Financial Group acquired a new position in Hyatt Hotels during the first quarter worth $200,000. Finally, Texas Permanent School Fund Corp raised its position in Hyatt Hotels by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 38,702 shares of the company’s stock worth $6,178,000 after acquiring an additional 506 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.