Hyatt Hotels Corporation (H) Insider Stephen G. Haggerty Sells 7,117 Shares
Hyatt Hotels Corporation (NYSE:H) insider Stephen G. Haggerty sold 7,117 shares of Hyatt Hotels Corporation stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $61.60, for a total value of $438,407.20. Following the completion of the transaction, the insider now owns 57,326 shares of the company’s stock, valued at approximately $3,531,281.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Hyatt Hotels Corporation (H) traded down 0.02% during midday trading on Friday, hitting $61.85. The stock had a trading volume of 440,175 shares. Hyatt Hotels Corporation has a one year low of $47.96 and a one year high of $62.23. The stock has a 50 day moving average of $60.84 and a 200-day moving average of $57.63. The company has a market cap of $7.73 billion, a P/E ratio of 31.02 and a beta of 1.24.
Hyatt Hotels Corporation (NYSE:H) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same quarter in the prior year, the business posted $0.64 earnings per share. Analysts forecast that Hyatt Hotels Corporation will post $1.60 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This article was posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/10/20/hyatt-hotels-corporation-h-insider-stephen-g-haggerty-sells-7117-shares.html.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Amalgamated Bank raised its stake in Hyatt Hotels Corporation by 2.0% during the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after buying an additional 91 shares in the last quarter. BTIM Corp. raised its stake in Hyatt Hotels Corporation by 44.2% during the second quarter. BTIM Corp. now owns 57,985 shares of the company’s stock valued at $3,259,000 after buying an additional 17,785 shares in the last quarter. Credit Agricole S A acquired a new stake in Hyatt Hotels Corporation during the first quarter valued at approximately $1,809,000. Schwab Charles Investment Management Inc. raised its stake in Hyatt Hotels Corporation by 8.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 145,543 shares of the company’s stock valued at $8,181,000 after buying an additional 11,424 shares in the last quarter. Finally, Gruss Capital Management LP acquired a new stake in Hyatt Hotels Corporation during the second quarter valued at approximately $8,713,000. Hedge funds and other institutional investors own 30.68% of the company’s stock.
Several equities analysts have recently issued reports on the company. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $61.00 price objective on shares of Hyatt Hotels Corporation in a research note on Tuesday. FBR & Co reiterated an “outperform” rating and issued a $66.00 price objective (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and issued a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded Hyatt Hotels Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $59.63.
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).
Receive News & Ratings for Hyatt Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels Corporation and related companies with MarketBeat.com's FREE daily email newsletter.