According to Zacks, “Hyatt Hotels Corporation is a global hospitality company that manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. Its hotels and resorts offer business centers, car rentals, catering, weddings, fitness centers, hotel shops, lounges, meetings and events, pools, and restaurants. The company is based in Chicago, Illinois. It has hotel locations in North America, Asia, Europe, Latin America, Caribbean, Australia, New Zealand, Africa, and the Middle East. The company’s mission is to provide authentic hospitality by making a difference in the lives of the people they touch every day. “
Other equities analysts also recently issued reports about the stock. Wolfe Research assumed coverage on shares of Hyatt Hotels Corp. in a report on Wednesday, July 6th. They set an underperform rating on the stock. FBR & Co reaffirmed a buy rating and set a $62.00 price objective on shares of Hyatt Hotels Corp. in a report on Thursday, August 4th. Morgan Stanley reaffirmed a hold rating and set a $49.00 price objective on shares of Hyatt Hotels Corp. in a report on Monday, August 15th. Evercore ISI downgraded shares of Hyatt Hotels Corp. from a hold rating to a sell rating and set a $44.00 price objective on the stock. in a report on Wednesday, July 20th. Finally, Vetr downgraded shares of Hyatt Hotels Corp. from a hold rating to a sell rating and set a $50.60 price objective on the stock. in a report on Thursday, August 25th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Hyatt Hotels Corp. has a consensus rating of Hold and a consensus price target of $53.24.
Hyatt Hotels Corp. (NYSE:H) opened at 50.07 on Tuesday. Hyatt Hotels Corp. has a 52-week low of $34.06 and a 52-week high of $54.82. The company’s 50-day moving average is $50.89 and its 200-day moving average is $49.64. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 42.65 and a beta of 1.51.
Hyatt Hotels Corp. (NYSE:H) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. Hyatt Hotels Corp. had a net margin of 3.69% and a return on equity of 4.78%. During the same period in the prior year, the company posted $0.28 earnings per share. On average, analysts expect that Hyatt Hotels Corp. will post $1.48 earnings per share for the current fiscal year.
In related news, insider David Udell sold 7,344 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $52.26, for a total value of $383,797.44. Following the transaction, the insider now directly owns 7,582 shares in the company, valued at $396,235.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 25.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of H. Aperio Group LLC boosted its position in Hyatt Hotels Corp. by 23.3% in the first quarter. Aperio Group LLC now owns 23,808 shares of the company’s stock valued at $1,178,000 after buying an additional 4,500 shares during the period. Victory Capital Management Inc. boosted its position in Hyatt Hotels Corp. by 5.6% in the second quarter. Victory Capital Management Inc. now owns 16,158 shares of the company’s stock valued at $794,000 after buying an additional 859 shares during the period. Canada Pension Plan Investment Board bought a new position in Hyatt Hotels Corp. during the first quarter valued at $1,940,000. Brave Asset Management Inc bought a new position in Hyatt Hotels Corp. during the second quarter valued at $167,000. Finally, GSA Capital Partners LLP boosted its position in Hyatt Hotels Corp. by 226.7% in the second quarter. GSA Capital Partners LLP now owns 16,206 shares of the company’s stock valued at $796,000 after buying an additional 11,245 shares during the period. Institutional investors own 17.67% of the company’s stock.
About Hyatt Hotels Corp.
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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