Hyatt Hotels Corporation (H) Insider Elsinore Trust Sells 157,476 Shares
Hyatt Hotels Corporation (NYSE:H) insider Elsinore Trust sold 157,476 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $61.48, for a total value of $9,681,624.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Hyatt Hotels Corporation (H) traded up 0.34% during trading on Tuesday, hitting $61.70. The company had a trading volume of 337,065 shares. Hyatt Hotels Corporation has a 12-month low of $47.96 and a 12-month high of $62.08. The firm has a 50 day moving average of $60.52 and a 200 day moving average of $57.46. The stock has a market cap of $7.71 billion, a PE ratio of 30.94 and a beta of 1.24.
Hyatt Hotels Corporation (NYSE:H) last issued its earnings results on Thursday, August 3rd. The company reported $0.52 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 analysts’ expectations 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 quarter in the previous year, the company posted $0.64 EPS. On average, analysts forecast that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. SunTrust Banks, Inc. reiterated a “hold” rating and set a $61.00 price target on shares of Hyatt Hotels Corporation in a research report on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $68.00 price target on shares of Hyatt Hotels Corporation in a research report on Friday, September 8th. Deutsche Bank AG reiterated a “hold” rating and set a $60.00 price target (up from $59.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. FBR & Co reiterated an “outperform” rating and set a $66.00 price target (up from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. Finally, BidaskClub upgraded Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.63.
Institutional investors have recently modified their holdings of the business. Amalgamated Bank raised its position in shares of Hyatt Hotels Corporation by 2.0% during the 1st quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after acquiring an additional 91 shares during the last quarter. BTIM Corp. raised its position in shares of Hyatt Hotels Corporation by 44.2% during the 2nd quarter. BTIM Corp. now owns 57,985 shares of the company’s stock valued at $3,259,000 after acquiring an additional 17,785 shares during the last quarter. Credit Agricole S A bought a new stake in shares of Hyatt Hotels Corporation during the 1st quarter valued at $1,809,000. Gruss Capital Management LP bought a new stake in shares of Hyatt Hotels Corporation during the 2nd quarter valued at $8,713,000. Finally, Principal Financial Group Inc. raised its position in shares of Hyatt Hotels Corporation by 14.4% during the 1st quarter. Principal Financial Group Inc. now owns 7,956 shares of the company’s stock valued at $429,000 after acquiring an additional 1,002 shares during the last quarter. 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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