Hyatt Hotels (NYSE:H) Insider Sells $1,583,726.76 in Stock

by · The Markets Daily

Hyatt Hotels Corporation (NYSE:H – Get Free Report) insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the transaction, the insider owned 2,684 shares of the company’s stock, valued at $445,195.08. This represents a 78.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hyatt Hotels Stock Performance

H stock traded down $1.05 during mid-day trading on Monday, reaching $164.64. The company had a trading volume of 697,104 shares, compared to its average volume of 932,144. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.10. The stock has a market capitalization of $15.63 billion, a P/E ratio of -177.03, a P/E/G ratio of 4.16 and a beta of 1.28. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47. The stock’s 50-day simple moving average is $155.12 and its two-hundred day simple moving average is $147.00.

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

Hyatt Hotels Dividend Announcement

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

Hedge Funds Weigh In On Hyatt Hotels

A number of institutional investors have recently added to or reduced their stakes in H. Johnson Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after acquiring an additional 107 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after acquiring an additional 111 shares during the period. Quent Capital LLC acquired a new stake in Hyatt Hotels in the 3rd quarter worth about $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Hyatt Hotels in the 3rd quarter valued at about $34,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley upgraded Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $147.00 to $168.00 in a report on Wednesday, October 22nd. JPMorgan Chase & Co. began coverage on shares of Hyatt Hotels in a research note on Monday, November 24th. They issued an “overweight” rating and a $178.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Hyatt Hotels in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $154.00 price target on the stock. Robert W. Baird raised their target price on Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research report on Thursday, November 20th. Finally, Truist Financial raised their price objective on shares of Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.53.

Read Our Latest Report on Hyatt Hotels

Hyatt Hotels Company Profile

(Get Free Report)

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.

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