Hyatt Hotels (NYSE:H) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Hyatt Hotels (NYSE:H) from a hold rating to a sell rating in a report issued on Monday.

Several other brokerages have also commented on H. Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Macquarie reduced their price target on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Barclays lowered their price objective on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Mizuho decreased their target price on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Finally, Morgan Stanley dropped their price target on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $162.29.

Hyatt Hotels Trading Up 0.7 %

Shares of Hyatt Hotels stock opened at $146.97 on Monday. Hyatt Hotels has a fifty-two week low of $128.91 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $14.11 billion, a P/E ratio of 11.81 and a beta of 1.48. The firm has a 50-day simple moving average of $155.91 and a two-hundred day simple moving average of $152.49.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the company posted $0.64 EPS. As a group, equities analysts predict that Hyatt Hotels will post 3.68 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be given a $0.15 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

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

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.