Hyatt Hotels (NYSE:H) Trading Down 5.6% After Insider Selling

Hyatt Hotels Co. (NYSE:H - Get Free Report)'s stock price traded down 5.6% on Friday following insider selling activity. The stock traded as low as $116.89 and last traded at $116.96. 142,488 shares changed hands during trading, a decline of 75% from the average session volume of 577,002 shares. The stock had previously closed at $123.92.

Specifically, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were 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 directly owns 9,337 shares of the company's stock, valued at approximately $1,090,561.60. This represents a 51.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the transaction, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. This represents a 55.22 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of analysts recently commented on H shares. Jefferies Financial Group lifted their price target on Hyatt Hotels from $150.00 to $176.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. Evercore ISI raised shares of Hyatt Hotels from an "in-line" rating to an "outperform" rating and set a $175.00 target price for the company in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $145.50 to $157.50 and gave the stock a "hold" rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has an average rating of "Hold" and a consensus target price of $161.97.

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Hyatt Hotels Trading Up 1.9 %

The stock has a market cap of $11.91 billion, a P/E ratio of 9.96 and a beta of 1.51. The firm's fifty day moving average price is $145.42 and its two-hundred day moving average price is $151.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the previous year, the business earned $0.64 EPS. As a group, equities research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, February 28th. Hyatt Hotels's payout ratio is 4.82%.

Institutional Trading of Hyatt Hotels

A number of hedge funds have recently made changes to their positions in H. Bamco Inc. NY lifted its stake in Hyatt Hotels by 1.2% during the fourth quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock worth $871,363,000 after purchasing an additional 67,385 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hyatt Hotels by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock worth $447,376,000 after buying an additional 9,477 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Hyatt Hotels by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company's stock worth $422,960,000 after buying an additional 46,413 shares in the last quarter. Wellington Management Group LLP grew its position in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company's stock valued at $267,192,000 after acquiring an additional 56,082 shares during the last quarter. Finally, Bank of Nova Scotia raised its stake in shares of Hyatt Hotels by 2.2% during the fourth quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company's stock worth $269,532,000 after acquiring an additional 37,057 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

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.