Hyatt Hotels Co. (NYSE:H) Insider Sells $5,902,861.50 in Stock

Hyatt Hotels Co. (NYSE:H) insider Jnp Parachute Mirror Trust K sold 44,466 shares of Hyatt Hotels stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $5,902,861.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hyatt Hotels Trading Up 0.8%

Shares of Hyatt Hotels stock opened at $135.30 on Monday. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 10.88 and a beta of 1.36. Hyatt Hotels Co. has a 12-month low of $102.43 and a 12-month high of $168.20. The firm’s 50 day simple moving average is $118.88 and its two-hundred day simple moving average is $141.20. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the prior year, the business earned $0.71 earnings per share. Analysts predict that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be paid a $0.15 dividend. The ex-dividend date is Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. Hyatt Hotels’s payout ratio is currently 7.79%.

Institutional Trading of Hyatt Hotels

A number of hedge funds and other institutional investors have recently made changes to their positions in H. United Services Automobile Association purchased a new stake in Hyatt Hotels during the first quarter worth $325,000. Goldman Sachs Group Inc. boosted its holdings in Hyatt Hotels by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after buying an additional 29,976 shares in the last quarter. Nightview Capital LLC boosted its holdings in Hyatt Hotels by 146.0% during the first quarter. Nightview Capital LLC now owns 53,376 shares of the company’s stock worth $6,539,000 after buying an additional 31,679 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in Hyatt Hotels during the first quarter worth $8,745,000. Finally, Alliancebernstein L.P. boosted its holdings in Hyatt Hotels by 10.6% during the first quarter. Alliancebernstein L.P. now owns 562,776 shares of the company’s stock worth $68,940,000 after buying an additional 53,875 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on H. Truist Financial lowered their price objective on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group increased their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a “sell” rating in a research report on Friday, May 2nd. Robert W. Baird decreased their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Susquehanna increased their target price on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Finally, Melius Research raised shares of Hyatt Hotels to a “strong-buy” rating in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $151.17.

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.