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

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

Other equities analysts have also recently issued reports about the stock. Bank of America raised their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Truist Financial dropped their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, Robert W. Baird lifted their price objective on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $162.13.

Hyatt Hotels Stock Down 3.0 %

Shares of H stock opened at $143.02 on Monday. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 10.78 and a beta of 1.48. Hyatt Hotels has a one year low of $128.90 and a one year high of $168.20. The company’s fifty day moving average price is $156.47 and its 200-day moving average price is $152.46. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter in the previous year, the business earned $0.64 earnings per share. Sell-side analysts expect that Hyatt Hotels will post 3.81 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. Hyatt Hotels’s payout ratio is 4.52%.

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hyatt Hotels

Several large investors have recently modified their holdings of H. Geode Capital Management LLC raised its stake in shares of Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after acquiring an additional 7,440 shares in the last quarter. TT International Asset Management LTD bought a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $5,283,000. Assetmark Inc. raised its stake in shares of Hyatt Hotels by 162.2% during the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock worth $7,464,000 after acquiring an additional 30,339 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after acquiring an additional 68,608 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its stake in shares of Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after acquiring an additional 130,724 shares in the last quarter. Institutional investors own 73.54% 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.