Hyatt Hotels (NYSE:H) Stock Rating Upgraded by Hsbc Global Res

Hyatt Hotels (NYSE:H - Get Free Report) was upgraded by investment analysts at Hsbc Global Res to a "hold" rating in a research note issued on Friday, Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a "hold" rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, July 19th. The Goldman Sachs Group initiated coverage on Hyatt Hotels in a research report on Wednesday, September 18th. They set a "neutral" rating and a $151.00 price target for the company. Stifel Nicolaus increased their price objective on Hyatt Hotels from $141.00 to $151.00 and gave the company a "hold" rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company cut their price target on shares of Hyatt Hotels from $178.00 to $172.00 and set an "overweight" rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $151.62.

Hyatt Hotels Trading Down 0.3 %

Shares of NYSE H traded down $0.41 during trading hours on Friday, reaching $145.04. The stock had a trading volume of 645,290 shares, compared to its average volume of 587,228. Hyatt Hotels has a 52-week low of $96.77 and a 52-week high of $162.24. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 10.93 and a beta of 1.50. The business's fifty day moving average price is $150.93 and its two-hundred day moving average price is $148.93. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. Analysts expect that Hyatt Hotels will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.50% of the stock is owned by company insiders.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of H. Allspring Global Investments Holdings LLC boosted its position in shares of Hyatt Hotels by 333.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company's stock worth $39,440,000 after buying an additional 199,773 shares during the period. Interval Partners LP grew its position in Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company's stock valued at $36,510,000 after acquiring an additional 182,297 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock worth $401,827,000 after purchasing an additional 162,562 shares during the period. Millennium Management LLC lifted its position in shares of Hyatt Hotels by 700.5% during the second quarter. Millennium Management LLC now owns 122,746 shares of the company's stock worth $18,648,000 after purchasing an additional 107,412 shares in the last quarter. Finally, Natixis purchased a new position in shares of Hyatt Hotels in the first quarter valued at approximately $14,074,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

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.