Several other brokerages also recently commented on H. FBR & Co reissued a buy rating and set a $62.00 price objective on shares of Hyatt Hotels Corp. in a research report on Thursday, August 4th. Zacks Investment Research raised shares of Hyatt Hotels Corp. from a sell rating to a hold rating in a report on Thursday, August 4th. Morgan Stanley reaffirmed a hold rating and set a $49.00 price target on shares of Hyatt Hotels Corp. in a report on Monday, August 15th. Stifel Nicolaus downgraded shares of Hyatt Hotels Corp. from a buy rating to a hold rating in a report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reaffirmed a hold rating and set a $47.00 price target on shares of Hyatt Hotels Corp. in a report on Sunday, June 26th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $53.24.
Hyatt Hotels Corp. (NYSE:H) opened at 48.52 on Monday. The firm has a market capitalization of $6.45 billion, a PE ratio of 41.33 and a beta of 1.50. Hyatt Hotels Corp. has a one year low of $34.06 and a one year high of $54.82. The stock’s 50 day moving average is $52.21 and its 200-day moving average is $49.51.
Hyatt Hotels Corp. (NYSE:H) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 last year, the business posted $0.28 earnings per share. On average, analysts anticipate that Hyatt Hotels Corp. will post $1.48 EPS for the current fiscal year.
In related news, insider David Udell sold 7,344 shares of the business’s stock in a transaction 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 sale, the insider now owns 7,582 shares in the company, valued at $396,235.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 25.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new position in Hyatt Hotels Corp. during the second quarter valued at approximately $2,726,000. KBC Group NV raised its position in Hyatt Hotels Corp. by 55.2% in the second quarter. KBC Group NV now owns 146,009 shares of the company’s stock valued at $7,175,000 after buying an additional 51,904 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Hyatt Hotels Corp. by 7.1% in the second quarter. Wedge Capital Management L L P NC now owns 199,591 shares of the company’s stock valued at $9,808,000 after buying an additional 13,198 shares during the last quarter. Panagora Asset Management Inc. raised its position in Hyatt Hotels Corp. by 894.6% in the first quarter. Panagora Asset Management Inc. now owns 8,951 shares of the company’s stock valued at $443,000 after buying an additional 8,051 shares during the last quarter. Finally, A.R.T. Advisors LLC raised its position in Hyatt Hotels Corp. by 132.2% in the first quarter. A.R.T. Advisors LLC now owns 62,523 shares of the company’s stock valued at $3,094,000 after buying an additional 35,600 shares during the last quarter. 17.67% of the stock is owned by institutional investors.
Hyatt Hotels Corp. Company Profile
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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