Hyatt Hotels (NYSE:H) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Hyatt Hotels Corporation (NYSE:H) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $165.96 and traded as high as $200.72. Hyatt Hotels shares last traded at $197.0970, with a volume of 793,061 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on H shares. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Barclays upped their target price on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Mizuho lifted their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Sanford C. Bernstein boosted their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.40.

Hyatt Hotels Stock Down 0.1%

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 company has a fifty day simple moving average of $179.28 and a 200 day simple moving average of $165.96. The firm has a market capitalization of $18.56 billion, a P/E ratio of -563.13 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same period in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.58 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, May 29th. Hyatt Hotels’s dividend payout ratio is -171.43%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Peter Sears sold 10,217 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the sale, the insider owned 6,374 shares in the company, valued at $1,183,396.84. This represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were 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 trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 236,658 shares of company stock worth $39,977,159 in the last 90 days. Insiders own 23.60% of the company’s stock.

Institutional Trading of Hyatt Hotels

Several institutional investors have recently added to or reduced their stakes in H. Bamco Inc. NY increased its holdings in shares of Hyatt Hotels by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock worth $868,139,000 after purchasing an additional 161,461 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Veritas Asset Management LLP lifted its holdings in shares of Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after purchasing an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Hyatt Hotels by 2.8% during the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after buying an additional 43,733 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Hyatt Hotels by 15.8% in the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock worth $201,814,000 after buying an additional 193,530 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

About Hyatt Hotels

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.