Citigroup Inc Reiterates “Neutral” Rating for Hyatt Hotels Co. (H)
Hyatt Hotels Co. (NYSE:H)‘s stock had its “neutral” rating restated by analysts at Citigroup Inc in a research note issued to investors on Thursday.
A number of other brokerages have also commented on H. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $54.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. Guggenheim began coverage on shares of Hyatt Hotels in a research report on Wednesday, April 26th. They issued a “neutral” rating on the stock. Morgan Stanley raised shares of Hyatt Hotels from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $51.48 to $53.00 in a research report on Tuesday, March 7th. FBR & Co reissued a “buy” rating and issued a $63.00 price objective on shares of Hyatt Hotels in a research report on Friday, May 5th. Finally, Zacks Investment Research lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.20.
Shares of Hyatt Hotels (NYSE:H) opened at 58.41 on Thursday. Hyatt Hotels has a 52 week low of $44.30 and a 52 week high of $59.30. The stock has a market capitalization of $7.33 billion, a PE ratio of 32.25 and a beta of 1.34. The stock’s 50 day moving average is $55.20 and its 200 day moving average is $54.23.
Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.49. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Hyatt Hotels had a net margin of 4.49% and a return on equity of 5.33%. During the same quarter in the prior year, the company earned $0.25 earnings per share. Analysts anticipate that Hyatt Hotels will post $1.43 EPS for the current fiscal year.
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In related news, insider H. Charles Floyd sold 23,386 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $58.26, for a total value of $1,362,468.36. Following the transaction, the insider now directly owns 59,263 shares in the company, valued at $3,452,662.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Banana B. Trust sold 30,013 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $53.56, for a total transaction of $1,607,496.28. The disclosure for this sale can be found here. Insiders sold 211,068 shares of company stock worth $11,531,899 over the last 90 days. 25.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Hyatt Hotels by 19.5% in the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock valued at $155,055,000 after buying an additional 469,675 shares during the period. Morgan Stanley increased its position in Hyatt Hotels by 85.5% in the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock valued at $141,682,000 after buying an additional 1,209,744 shares during the period. Wellington Management Group LLP increased its position in Hyatt Hotels by 8.5% in the first quarter. Wellington Management Group LLP now owns 1,657,114 shares of the company’s stock valued at $89,451,000 after buying an additional 129,225 shares during the period. Jennison Associates LLC increased its position in Hyatt Hotels by 2.8% in the first quarter. Jennison Associates LLC now owns 1,615,212 shares of the company’s stock valued at $87,189,000 after buying an additional 44,231 shares during the period. Finally, Marshall Wace LLP increased its position in Hyatt Hotels by 123.3% in the fourth quarter. Marshall Wace LLP now owns 1,180,214 shares of the company’s stock valued at $65,219,000 after buying an additional 651,620 shares during the period. Institutional investors and hedge funds own 19.52% of the company’s stock.
About Hyatt Hotels
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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