Insider Selling: Hyatt Hotels Insider Sells 8,459 Shares of Stock (H)
Hyatt Hotels (NYSE:H) Insider Peter Fulton unloaded 8,459 shares of Hyatt Hotels stock on the open market in a transaction dated Friday, June 13th. The shares were sold at an average price of $59.38, for a total transaction of $502,295.42. Following the sale, the insider now directly owns 27,391 shares in the company, valued at approximately $1,626,478. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on H. Analysts at Macquarie reiterated a “neutral” rating on shares of Hyatt Hotels in a research note on Wednesday, June 11th. They now have a $65.00 price target on the stock, up previously from $60.00. Separately, analysts at Nomura raised their price target on shares of Hyatt Hotels from $59.00 to $73.00 in a research note on Friday, May 30th. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Hyatt Hotels currently has an average rating of “Buy” and a consensus price target of $61.20.
Shares of Hyatt Hotels (NYSE:H) traded up 0.44% on Monday, hitting $59.64. 362,847 shares of the company’s stock traded hands. Hyatt Hotels has a 52 week low of $37.74 and a 52 week high of $61.97. The stock’s 50-day moving average is $58.44 and its 200-day moving average is $52.75. The company has a market cap of $9.238 billion and a P/E ratio of 36.70.
Hyatt Hotels (NYSE:H) last announced its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Hyatt Hotels will post $1.08 EPS for the current fiscal year.
Hyatt Hotels Corporation (NYSE:H) is a global hospitality company.
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