Hyatt Hotels (NYSE:H) Stock Price Down 5.6% Following Insider Selling

Hyatt Hotels Co. (NYSE:H) was down 5.6% during trading on Friday after an insider sold shares in the company. The stock traded as low as $116.89 and last traded at $116.96. Approximately 142,488 shares changed hands during trading, a decline of 75% from the average daily volume of 577,002 shares. The stock had previously closed at $123.92.

Specifically, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the sale, the insider now owns 9,337 shares in the company, valued at approximately $1,090,561.60. This trade represents a 51.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares of the company’s stock, valued at $99,712.45. This represents a 55.22 % decrease in their position. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

Several research firms recently commented on H. Morgan Stanley cut their target price on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Truist Financial lowered their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company lowered their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Barclays decreased their price objective on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Finally, Robert W. Baird reduced their target price on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $161.97.

Hyatt Hotels Stock Down 1.8 %

The firm has a market cap of $11.70 billion, a P/E ratio of 9.78 and a beta of 1.51. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $145.42 and a 200-day moving average of $150.99.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the previous year, the company posted $0.64 EPS. On average, equities research analysts anticipate that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Hedge Funds Weigh In On Hyatt Hotels

Institutional investors have recently bought and sold shares of the business. Bernard Wealth Management Corp. acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc lifted its stake in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock valued at $32,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. iA Global Asset Management Inc. bought a new position in shares of Hyatt Hotels in the 3rd quarter valued at $51,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds 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.