Hyatt Hotels Sees Unusually High Options Volume (H)

Hyatt Hotels Co. (NYSE:H) saw unusually large options trading on Thursday. Investors purchased 2,613 call options on the company. This represents an increase of approximately 1,941% compared to the average daily volume of 128 call options.

In other news, insider Mark Samuel Hoplamazian sold 49,173 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total value of $3,517,836.42. Following the completion of the sale, the insider now owns 300,655 shares in the company, valued at $21,508,858.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Elsinore Trust sold 111,003 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $69.56, for a total value of $7,721,368.68. Following the completion of the sale, the insider now owns 40,878 shares of the company’s stock, valued at approximately $2,843,473.68. The disclosure for this sale can be found here. Insiders have sold a total of 774,539 shares of company stock valued at $54,245,219 in the last quarter. 27.51% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new position in Hyatt Hotels during the fourth quarter valued at $132,000. Acadian Asset Management LLC raised its position in Hyatt Hotels by 134.7% during the fourth quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock valued at $165,000 after buying an additional 1,288 shares during the period. Capital Fund Management S.A. acquired a new position in Hyatt Hotels during the fourth quarter valued at $202,000. State of Alaska Department of Revenue acquired a new position in Hyatt Hotels during the fourth quarter valued at $220,000. Finally, US Bancorp DE raised its position in Hyatt Hotels by 4,029.1% during the fourth quarter. US Bancorp DE now owns 3,262 shares of the company’s stock valued at $240,000 after buying an additional 3,183 shares during the period. 38.38% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on H. Stifel Nicolaus reaffirmed a “hold” rating and set a $78.00 target price on shares of Hyatt Hotels in a report on Thursday, February 1st. Zacks Investment Research downgraded Hyatt Hotels from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 18th. Robert W. Baird reaffirmed a “buy” rating and set a $84.00 target price on shares of Hyatt Hotels in a report on Tuesday, January 9th. Raymond James Financial raised Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a report on Monday, January 8th. Finally, Wolfe Research raised Hyatt Hotels from a “market perform” rating to an “outperform” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Hyatt Hotels has an average rating of “Hold” and an average price target of $74.69.

Shares of Hyatt Hotels (NYSE:H) opened at $76.98 on Friday. Hyatt Hotels has a fifty-two week low of $50.21 and a fifty-two week high of $82.50. The company has a market capitalization of $9,108.55, a price-to-earnings ratio of 46.37, a PEG ratio of 11.84 and a beta of 1.31. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39.

Hyatt Hotels declared that its board has authorized a stock repurchase plan on Thursday, December 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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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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