Hyatt Hotels (NYSE:H) Sets New 1-Year Low - Here's What Happened

Hyatt Hotels Co. (NYSE:H - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $114.02 and last traded at $115.33, with a volume of 1481285 shares trading hands. The stock had previously closed at $124.76.

Analysts Set New Price Targets

H has been the subject of several analyst reports. The Goldman Sachs Group cut their price objective on shares of Hyatt Hotels from $170.00 to $150.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Macquarie cut their price target on Hyatt Hotels from $172.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, February 14th. Robert W. Baird dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Barclays reduced their target price on Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, Jefferies Financial Group lowered their price target on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.86.

Hyatt Hotels Stock Performance

The company has a market capitalization of $11.46 billion, a PE ratio of 9.58 and a beta of 1.35. 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 business has a 50 day simple moving average of $133.99 and a 200 day simple moving average of $147.88.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the firm posted $0.64 EPS. Equities research analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders 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 dividend yield of 0.50%. The ex-dividend date was Friday, February 28th. Hyatt Hotels's dividend payout ratio (DPR) is presently 4.82%.

Insiders Place Their Bets

In other news, insider Kinsey Wolf sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total transaction of $122,950.00. Following the completion of the sale, the insider now owns 811 shares in the company, valued at $99,712.45. This trade represents a 55.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,600 shares of company stock worth $1,517,798. Company insiders own 23.50% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bernard Wealth Management Corp. purchased a new stake in shares of Hyatt Hotels during the 4th quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in Hyatt Hotels by 583.3% in the fourth 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. boosted its stake in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after acquiring an additional 104 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Hyatt Hotels during the third quarter worth about $51,000. Finally, Venturi Wealth Management LLC increased its position in shares of Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

About Hyatt Hotels

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.