Hyatt Hotels (NYSE:H) Sets New 1-Year High – Here’s What Happened

Hyatt Hotels Corporation (NYSE:H)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $174.58 and last traded at $170.54, with a volume of 37244 shares. The stock had previously closed at $168.29.

Analyst Ratings Changes

Several equities research analysts recently commented on H shares. Truist Financial lifted their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Barclays upgraded shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $161.00 to $200.00 in a report on Wednesday, December 17th. Robert W. Baird increased their price objective on Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a report on Thursday, November 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 target price on shares of Hyatt Hotels in a research report on Friday, January 2nd. Finally, Wells Fargo & Company started coverage on Hyatt Hotels in a research report on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.63.

Hyatt Hotels Trading Up 1.4%

The company has a debt-to-equity ratio of 1.47, a current ratio of 0.69 and a quick ratio of 0.68. The firm’s fifty day moving average is $160.71 and its 200-day moving average is $149.73. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of -183.30, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. Equities analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, November 24th. Hyatt Hotels’s dividend payout ratio is -64.52%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of Hyatt Hotels stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the transaction, the insider directly owned 2,684 shares in the company, valued at $445,195.08. This trade represents a 78.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David Udell sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the completion of the transaction, the insider directly owned 13,746 shares in the company, valued at approximately $2,281,836. The trade was a 23.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,383 shares of company stock valued at $5,321,682. Company insiders own 23.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after buying an additional 843,121 shares during the last quarter. Bank of America Corp DE boosted its holdings in Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after acquiring an additional 562,611 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Hyatt Hotels by 24.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after acquiring an additional 545,003 shares during the last quarter. GRS Advisors LLC purchased a new stake in shares of Hyatt Hotels in the second quarter valued at about $74,264,000. Finally, Mane Global Capital Management LP bought a new position in shares of Hyatt Hotels during the second quarter valued at about $47,007,000. Institutional investors own 73.54% of the company’s stock.

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.