Hyatt Hotels (NYSE:H) Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Hyatt Hotels (NYSE:H) from a hold rating to a sell rating in a research report released on Wednesday.

Several other equities research analysts have also recently issued reports on H. Susquehanna started coverage on shares of Hyatt Hotels in a research report on Friday, June 21st. They set a neutral rating and a $160.00 price objective on the stock. Stifel Nicolaus boosted their price target on shares of Hyatt Hotels from $146.00 to $154.00 and gave the stock a hold rating in a research report on Thursday, April 11th. Robert W. Baird boosted their price target on shares of Hyatt Hotels from $160.00 to $162.00 and gave the stock a neutral rating in a research report on Friday, May 17th. Truist Financial dropped their price objective on shares of Hyatt Hotels from $172.00 to $168.00 and set a buy rating for the company in a research note on Thursday, May 30th. Finally, Mizuho lifted their price objective on shares of Hyatt Hotels from $195.00 to $204.00 and gave the stock a buy rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $150.69.

Hyatt Hotels Price Performance

NYSE H opened at $149.50 on Wednesday. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $161.50. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 23.21 and a beta of 1.51. The company’s 50 day moving average is $148.89 and its two-hundred day moving average is $144.38. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business posted $0.41 EPS. As a group, research analysts anticipate that Hyatt Hotels will post 3.48 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

Insider Activity at Hyatt Hotels

In related news, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the sale, the insider now owns 16,104 shares in the company, valued at $2,398,207.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the transaction, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joan Bottarini sold 10,695 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the transaction, the insider now owns 16,104 shares in the company, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Insiders have sold a total of 12,189 shares of company stock worth $1,815,619 over the last quarter. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of H. LRI Investments LLC purchased a new position in Hyatt Hotels during the 1st quarter valued at about $26,000. Riverview Trust Co acquired a new position in Hyatt Hotels in the first quarter valued at approximately $27,000. EntryPoint Capital LLC purchased a new stake in Hyatt Hotels in the first quarter valued at approximately $53,000. Quadrant Capital Group LLC lifted its stake in Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after buying an additional 127 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Hyatt Hotels in the fourth quarter valued at approximately $59,000. 71.02% of the stock is owned by institutional investors and hedge funds.

About Hyatt Hotels

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.