Zacks Investment Research Downgrades Hyatt Hotels Corp. (H) to Sell
Hyatt Hotels Corp. (NYSE:H) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Hyatt Hotels Corporation is a global hospitality company that manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. Its hotels and resorts offer business centers, car rentals, catering, weddings, fitness centers, hotel shops, lounges, meetings and events, pools, and restaurants. The company is based in Chicago, Illinois. It has hotel locations in North America, Asia, Europe, Latin America, Caribbean, Australia, New Zealand, Africa, and the Middle East. The company’s mission is to provide authentic hospitality by making a difference in the lives of the people they touch every day. “
Other equities analysts also recently issued reports about the company. FBR & Co reiterated a “buy” rating and set a $62.00 target price on shares of Hyatt Hotels Corp. in a research report on Thursday, August 4th. Vetr upgraded Hyatt Hotels Corp. from a “sell” rating to a “hold” rating and set a $50.60 target price on the stock in a research report on Monday, September 12th. Morgan Stanley reissued a “hold” rating and set a $49.00 price target on shares of Hyatt Hotels Corp. in a report on Monday, August 15th. Stifel Nicolaus cut Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reissued a “hold” rating and set a $47.00 price target on shares of Hyatt Hotels Corp. in a report on Sunday, June 26th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Hyatt Hotels Corp. has a consensus rating of “Hold” and an average target price of $53.24.
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Shares of Hyatt Hotels Corp. (NYSE:H) traded down 1.79% on Tuesday, hitting $49.33. The company had a trading volume of 449,799 shares. The firm’s 50 day moving average price is $51.27 and its 200-day moving average price is $49.62. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82. The stock has a market capitalization of $6.56 billion, a PE ratio of 42.02 and a beta of 1.51.
Hyatt Hotels Corp. (NYSE:H) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.17. Hyatt Hotels Corp. had a return on equity of 4.78% and a net margin of 3.69%. During the same period in the prior year, the company posted $0.28 EPS. Analysts forecast that Hyatt Hotels Corp. will post $1.48 earnings per share for the current fiscal year.
In related news, insider David Udell sold 7,344 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $52.26, for a total value of $383,797.44. Following the completion of the sale, the insider now owns 7,582 shares in the company, valued at $396,235.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 25.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC raised its stake in shares of Hyatt Hotels Corp. by 13.0% in the first quarter. TIAA CREF Investment Management LLC now owns 585,564 shares of the company’s stock worth $28,980,000 after buying an additional 67,466 shares during the last quarter. GRS Advisors LLC raised its stake in shares of Hyatt Hotels Corp. by 2.5% in the second quarter. GRS Advisors LLC now owns 289,400 shares of the company’s stock worth $14,221,000 after buying an additional 7,000 shares during the last quarter. UBS Group AG raised its stake in shares of Hyatt Hotels Corp. by 1,733.4% in the first quarter. UBS Group AG now owns 288,080 shares of the company’s stock worth $14,257,000 after buying an additional 272,367 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Hyatt Hotels Corp. by 26.1% in the second quarter. AQR Capital Management LLC now owns 224,373 shares of the company’s stock worth $11,026,000 after buying an additional 46,486 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Hyatt Hotels Corp. by 7.1% in the second quarter. Wedge Capital Management L L P NC now owns 199,591 shares of the company’s stock worth $9,808,000 after buying an additional 13,198 shares during the last quarter. Hedge funds and other institutional investors own 17.67% of the company’s stock.
About Hyatt Hotels Corp.
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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