Hyatt Hotels (NYSE:H) Insider Sells $222,413.84 in Stock

Key Points

• Hyatt insider Amar Lalvani sold 1,364 shares for approximately $222,414 at an average price of $163.06, reducing his direct ownership by 21.8% to 4,894 shares.
• Hyatt shares recently traded at $158.75, below their 50-day and 200-day moving averages. The company’s latest quarterly results exceeded expectations, with earnings per share of $1.12 versus the $0.91 consensus and revenue of $1.83 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $197.80, while institutional investors own 73.54% of the stock; Hyatt also pays a quarterly dividend of $0.15 per share.

Hyatt Hotels Corporation (NYSE:H - Get Free Report) insider Amar Lalvani sold 1,364 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the transaction, the insider directly owned 4,894 shares of the company's stock, valued at approximately $798,015.64. This trade represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Hyatt Hotels Price Performance

Shares of NYSE:H traded down $1.44 during trading on Wednesday, hitting $158.75. 633,974 shares of the stock were exchanged, compared to its average volume of 847,561. The company has a market cap of $14.96 billion, a PE ratio of 193.60 and a beta of 1.34. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $177.48 and a two-hundred day moving average price of $172.49. Hyatt Hotels Corporation has a 12-month low of $134.18 and a 12-month high of $206.86.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.Hyatt Hotels's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. On average, analysts forecast that Hyatt Hotels Corporation will post 3.54 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 27th. Hyatt Hotels's payout ratio is 73.17%.

Analyst Ratings Changes

A number of equities research analysts recently commented on H shares. Mizuho increased their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an "outperform" rating in a research note on Friday, May 29th. Barclays reduced their price target on shares of Hyatt Hotels from $220.00 to $201.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Wolfe Research began coverage on shares of Hyatt Hotels in a research report on Wednesday, September 2nd. They issued an "outperform" rating and a $203.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on Hyatt Hotels from $215.00 to $209.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Finally, Wells Fargo & Company upped their target price on Hyatt Hotels from $182.00 to $186.00 and gave the company an "equal weight" rating in a research note on Thursday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $197.80.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently modified their holdings of H. Geode Capital Management LLC lifted its stake in shares of Hyatt Hotels by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 751,607 shares of the company's stock valued at $120,153,000 after buying an additional 6,849 shares during the period. Goldman Sachs Group Inc. raised its holdings in Hyatt Hotels by 27.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 585,530 shares of the company's stock valued at $93,872,000 after acquiring an additional 126,877 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Hyatt Hotels by 8.1% during the 4th quarter. Legal & General Group Plc now owns 457,680 shares of the company's stock worth $73,375,000 after purchasing an additional 34,434 shares during the period. Fiera Capital Corp lifted its stake in shares of Hyatt Hotels by 33.5% during the 4th quarter. Fiera Capital Corp now owns 324,332 shares of the company's stock worth $51,997,000 after purchasing an additional 81,308 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Hyatt Hotels by 19.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 296,133 shares of the company's stock worth $42,608,000 after purchasing an additional 48,002 shares during the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and lifestyle accommodations to full-service and select-service hotels.

The company's brands include Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Place and Hyatt House.

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