Insider Selling: Hyatt Hotels Corporation (H) Insider Sells 7,964 Shares of Stock
Hyatt Hotels Corporation (NYSE:H) insider R.A. G.C. Trust #8 sold 7,964 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $59.29, for a total transaction of $472,185.56. Following the transaction, the insider now directly owns 7,964 shares of the company’s stock, valued at $472,185.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Hyatt Hotels Corporation (NYSE:H) traded up 0.95% during mid-day trading on Friday, reaching $59.56. 766,439 shares of the company’s stock traded hands. Hyatt Hotels Corporation has a 12-month low of $47.94 and a 12-month high of $61.07. The company has a market cap of $7.45 billion, a P/E ratio of 29.87 and a beta of 1.25. The stock has a 50 day moving average of $57.24 and a 200 day moving average of $55.77.
Hyatt Hotels Corporation (NYSE:H) last announced its earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.17. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. During the same period in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts predict that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on H shares. Citigroup Inc. reissued a “neutral” rating on shares of Hyatt Hotels Corporation in a research report on Thursday, May 11th. FBR & Co reissued a “buy” rating on shares of Hyatt Hotels Corporation in a research report on Monday, May 15th. Stifel Nicolaus increased their target price on shares of Hyatt Hotels Corporation from $54.00 to $59.00 and gave the company a “hold” rating in a research report on Monday, May 15th. BidaskClub downgraded shares of Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $57.76.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. bought a new position in shares of Hyatt Hotels Corporation in the fourth quarter worth approximately $227,000. Teachers Advisors LLC boosted its position in shares of Hyatt Hotels Corporation by 14.5% in the fourth quarter. Teachers Advisors LLC now owns 31,046 shares of the company’s stock worth $1,716,000 after purchasing an additional 3,934 shares during the period. Nationwide Fund Advisors bought a new position in shares of Hyatt Hotels Corporation in the first quarter worth approximately $5,498,000. First Trust Advisors LP boosted its position in shares of Hyatt Hotels Corporation by 21.4% in the first quarter. First Trust Advisors LP now owns 108,903 shares of the company’s stock worth $5,879,000 after purchasing an additional 19,179 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Hyatt Hotels Corporation by 12,877.2% in the first quarter. BNP Paribas Arbitrage SA now owns 106,802 shares of the company’s stock worth $5,765,000 after purchasing an additional 105,979 shares during the period. Institutional investors own 30.68% of the company’s stock.
About Hyatt Hotels Corporation
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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