Hyatt Hotels (NYSE:H) Sees Strong Trading Volume – What’s Next?

Shares of Hyatt Hotels Co. (NYSE:H) saw unusually-strong trading volume on Friday . Approximately 1,153,650 shares were traded during trading, an increase of 99% from the previous session’s volume of 579,605 shares.The stock last traded at $165.80 and had previously closed at $164.62.

Analyst Ratings Changes

Several research firms have issued reports on H. Sanford C. Bernstein lowered their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research report on Friday, November 1st. Evercore ISI increased their price target on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Robert W. Baird upped their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $151.88.

Hyatt Hotels Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73. The firm’s fifty day moving average is $154.05 and its 200-day moving average is $149.88. The stock has a market capitalization of $15.78 billion, a PE ratio of 12.40 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the previous year, the business earned $0.70 earnings per share. As a group, research analysts anticipate that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.37%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.50% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several large investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Hyatt Hotels during the 2nd quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels in the third quarter worth about $30,000. Blue Trust Inc. increased its holdings in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after buying an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Hyatt Hotels by 1,107.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new position in shares of Hyatt Hotels in the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 71.02% 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.