Hyatt Hotels (NYSE:H) Reaches New 12-Month Low – Here’s What Happened

Hyatt Hotels Co. (NYSE:H)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $128.44 and last traded at $130.91, with a volume of 807734 shares trading hands. The stock had previously closed at $135.73.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on H. Wells Fargo & Company cut their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Macquarie lowered their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, February 14th. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Mizuho dropped their price objective on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Finally, Morgan Stanley decreased their price target on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $162.24.

Hyatt Hotels Stock Performance

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 company has a market cap of $12.53 billion, a PE ratio of 10.47 and a beta of 1.51. The firm has a fifty day simple moving average of $150.91 and a 200-day simple moving average of $152.61.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the firm earned $0.64 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the completion of the sale, the director now directly owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This trade represents a 4.05 % 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. 23.50% of the stock is currently owned by company insiders.

Institutional Trading of Hyatt Hotels

Several hedge funds have recently made changes to their positions in H. Asset Management One Co. Ltd. raised its holdings in Hyatt Hotels by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock worth $2,365,000 after purchasing an additional 66 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Hyatt Hotels by 3.4% in the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock valued at $440,000 after buying an additional 92 shares during the period. Kensington Investment Counsel LLC boosted its stake in shares of Hyatt Hotels by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock valued at $2,136,000 after buying an additional 95 shares in the last quarter. Bridges Investment Management Inc. grew its holdings in Hyatt Hotels by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock worth $681,000 after acquiring an additional 99 shares during the period. Finally, UMB Bank n.a. raised its position in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

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.