Hyatt Hotels Insider Sells $2,068,614 in Stock (H)
Hyatt Hotels (NYSE:H) Insider H. Charles Floyd sold 34,996 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $59.11, for a total transaction of $2,068,613.56. Following the completion of the sale, the insider now directly owns 156,615 shares of the company’s stock, valued at approximately $9,257,513. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Hyatt Hotels from $56.00 to $61.00 in a research note on Monday, May 5th. Separately, analysts at MKM Partners downgraded shares of Hyatt Hotels from a “buy” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $64.00 price target on the stock, up previously from $61.00. They noted that the move was a valuation call. Finally, analysts at Credit Suisse raised their price target on shares of Hyatt Hotels from $51.00 to $56.00 in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.83.
Hyatt Hotels (NYSE:H) traded down 0.08% during mid-day trading on Wednesday, hitting $59.54. The stock had a trading volume of 415,990 shares. Hyatt Hotels has a 52-week low of $37.74 and a 52-week high of $60.08. The stock has a 50-day moving average of $56.19 and a 200-day moving average of $51.73. The company has a market cap of $9.223 billion and a price-to-earnings ratio of 36.83.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Hyatt Hotels will post $1.10 earnings per share for the current fiscal year.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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