Hyatt Hotels (NYSE:H) Insider Sells $392,356.00 in Stock

Hyatt Hotels Corporation (NYSE:H) insider David Udell sold 2,087 shares of Hyatt Hotels stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the completion of the transaction, the insider owned 16,638 shares in the company, valued at $3,127,944. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Udell also recently made the following trade(s):

• On Monday, May 18th, David Udell sold 8,682 shares of Hyatt Hotels stock. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00.

Hyatt Hotels Stock Up 2.0%

H opened at $192.92 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $165.53 and a 200-day simple moving average of $162.08. The stock has a market capitalization of $18.17 billion, a P/E ratio of -551.19 and a beta of 1.33. Hyatt Hotels Corporation has a 12 month low of $127.59 and a 12 month high of $195.04.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same period last year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Hyatt Hotels Corporation will post 3.59 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s payout ratio is currently -171.43%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on H shares. Sanford C. Bernstein lifted their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Mizuho lifted their price objective on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Robert W. Baird lifted their price objective on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a report on Thursday. Finally, Susquehanna reduced their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.40.

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors have recently made changes to their positions in H. Veritas Asset Management LLP raised its holdings in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after acquiring an additional 1,695,616 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the period. Bank of America Corp DE grew its position in shares of Hyatt Hotels by 84.5% in the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the period. Par Capital Management Inc. grew its position in shares of Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock valued at $51,847,000 after purchasing an additional 314,300 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Hyatt Hotels by 342.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company’s stock valued at $61,517,000 after purchasing an additional 296,931 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.