Hyatt Hotels (NYSE:H) Director Susan Kronick Sells 1,119 Shares

Hyatt Hotels Corporation (NYSE:H) Director Susan Kronick sold 1,119 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the sale, the director directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hyatt Hotels Trading Up 3.2%

H opened at $179.80 on Wednesday. Hyatt Hotels Corporation has a twelve month low of $127.54 and a twelve month high of $180.53. The company has a 50-day simple moving average of $158.99 and a 200 day simple moving average of $160.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of -513.71 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.46 earnings per share. Analysts predict that Hyatt Hotels Corporation will post 3.48 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio is -171.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in H. Goldman Sachs Group Inc. increased its stake in shares of Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after buying an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Hyatt Hotels by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after buying an additional 11,252 shares during the period. Norges Bank acquired a new position in shares of Hyatt Hotels in the second quarter valued at approximately $616,000. Daiwa Securities Group Inc. increased its stake in shares of Hyatt Hotels by 394.6% in the second quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after buying an additional 13,812 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Hyatt Hotels by 61.0% in the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock valued at $9,609,000 after buying an additional 26,073 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on H. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday. Sanford C. Bernstein increased their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Barclays increased their target price on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a report on Friday, March 27th. Finally, Truist Financial increased their target price on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Hyatt Hotels has a consensus rating of “Moderate Buy” and a consensus target price of $185.50.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.