Hyatt Hotels (NYSE:H) was upgraded by equities research analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports.
A number of other research firms have also recently commented on H. Robert W. Baird set a $78.00 target price on shares of Hyatt Hotels and gave the stock a “buy” rating in a research note on Friday, December 15th. MKM Partners upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Thursday, December 7th. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, December 14th. Berenberg Bank upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and raised their target price for the stock from $69.20 to $78.00 in a research note on Friday, November 10th. Finally, Stifel Nicolaus raised their target price on shares of Hyatt Hotels from $61.00 to $67.00 and gave the stock a “hold” rating in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.27.
Hyatt Hotels (NYSE:H) traded down $0.07 on Thursday, reaching $71.60. 401,600 shares of the company’s stock traded hands, compared to its average volume of 760,784. Hyatt Hotels has a 1-year low of $50.21 and a 1-year high of $73.33. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.39. The company has a market cap of $8,521.20, a PE ratio of 39.82, a P/E/G ratio of 10.19 and a beta of 1.25.
Hyatt Hotels declared that its board has authorized a share repurchase plan on Thursday, December 14th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
In related news, insider Mark Samuel Hoplamazian sold 49,173 shares of the firm’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 directly owns 300,655 shares in the company, valued at $21,508,858.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider P.G. Penny Trust sold 600,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total value of $42,000,000.00. Following the completion of the sale, the insider now owns 600,000 shares of the company’s stock, valued at $42,000,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,000,001 shares of company stock valued at $68,120,268. 27.51% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in shares of Hyatt Hotels during the second quarter worth $101,000. Prudential Financial Inc. bought a new stake in shares of Hyatt Hotels during the third quarter worth $212,000. Federated Investors Inc. PA bought a new stake in shares of Hyatt Hotels during the second quarter worth $216,000. The Manufacturers Life Insurance Company raised its holdings in shares of Hyatt Hotels by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after acquiring an additional 272 shares in the last quarter. Finally, TLP Group LLC bought a new stake in shares of Hyatt Hotels in the second quarter valued at about $254,000. Institutional investors and hedge funds own 38.79% of the company’s stock.
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Hyatt Hotels Company Profile
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).
