Hyatt Hotels (NYSE:H) Upgraded by StockNews.com to “Hold”

Hyatt Hotels (NYSE:H) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Hyatt Hotels from $138.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, February 26th. Evercore ISI reissued an “in-line” rating and set a $135.00 target price on shares of Hyatt Hotels in a research report on Monday, February 5th. Morgan Stanley downgraded shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $149.00 to $156.00 in a research report on Monday, March 11th. Robert W. Baird upped their price objective on shares of Hyatt Hotels from $116.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, February 13th. Finally, Jefferies Financial Group upped their price objective on shares of Hyatt Hotels from $104.00 to $127.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $138.24.

Hyatt Hotels Stock Up 0.9 %

Shares of NYSE:H traded up $1.48 during trading hours on Wednesday, hitting $160.80. The company’s stock had a trading volume of 384,586 shares, compared to its average volume of 739,825. Hyatt Hotels has a 52 week low of $96.77 and a 52 week high of $161.06. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 78.82, a P/E/G ratio of 22.49 and a beta of 1.49. The firm’s fifty day moving average price is $143.06 and its 200 day moving average price is $124.48.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business posted $2.55 EPS. As a group, research analysts expect that Hyatt Hotels will post 3.25 EPS for the current year.

Insider Buying and Selling

In related news, insider Joan Bottarini sold 4,250 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.72, for a total value of $547,060.00. Following the completion of the sale, the insider now owns 11,301 shares in the company, valued at $1,454,664.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joan Bottarini sold 4,250 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.72, for a total transaction of $547,060.00. Following the transaction, the insider now owns 11,301 shares of the company’s stock, valued at $1,454,664.72. The disclosure for this sale can be found here. Insiders have sold 2,144,504 shares of company stock valued at $333,945,183 over the last quarter. Company insiders own 22.15% of the company’s stock.

Institutional Trading of Hyatt Hotels

Large investors have recently made changes to their positions in the stock. First Manhattan CO. LLC. acquired a new stake in Hyatt Hotels during the first quarter worth approximately $25,000. Quarry LP acquired a new position in Hyatt Hotels in the first quarter valued at $26,000. Janiczek Wealth Management LLC boosted its stake in Hyatt Hotels by 597.5% in the 3rd quarter. Janiczek Wealth Management LLC now owns 279 shares of the company’s stock worth $30,000 after buying an additional 239 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Hyatt Hotels in the 2nd quarter valued at about $34,000. Finally, Money Concepts Capital Corp increased its stake in shares of Hyatt Hotels by 335.2% during the 4th quarter. Money Concepts Capital Corp now owns 383 shares of the company’s stock valued at $35,000 after acquiring an additional 295 shares during the last quarter. Institutional investors and hedge funds own 71.02% 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.