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

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

Specifically, insider Kinsey Wolf sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the transaction, the insider now directly owns 811 shares in the company, valued at $99,712.45. This represents a 55.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

H has been the topic of several recent research reports. Mizuho reduced their price target 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. Wells Fargo & Company reduced their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 target price on the stock in a report on Wednesday, March 5th. Finally, Jefferies Financial Group increased their price objective on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $161.87.

Hyatt Hotels Stock Down 5.6 %

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 stock’s 50 day simple moving average is $146.02 and its 200 day simple moving average is $151.20. The firm has a market cap of $11.25 billion, a P/E ratio of 9.40 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. Research analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is 4.82%.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors have recently modified their holdings of H. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at $26,000. Versant Capital Management Inc increased its holdings in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. UMB Bank n.a. increased its stake in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in shares of Hyatt Hotels during the 3rd quarter valued at about $51,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after acquiring an additional 300 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.