Susan Kronick Sells 1,700 Shares of Hyatt Hotels (NYSE:H) Stock

Key Points

• Director Susan Kronick sold 1,700 Hyatt shares for approximately $305,796 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 5.44% to 29,525 shares.
• Hyatt reported quarterly EPS of $1.12, beating estimates of $0.91, while revenue reached $1.83 billion and rose 1.2% year over year.
• The company declared a quarterly dividend of $0.15 per share, and analysts maintain a “Moderate Buy” consensus with an average price target of $196.64.

Hyatt Hotels Corporation (NYSE:H - Get Free Report) Director Susan Kronick sold 1,700 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director owned 29,525 shares of the company's stock, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hyatt Hotels Price Performance

Shares of H stock traded down $2.79 on Tuesday, hitting $178.81. 682,628 shares of the company's stock were exchanged, compared to its average volume of 866,474. The company has a 50 day moving average of $188.63 and a 200 day moving average of $171.59. The stock has a market cap of $16.85 billion, a P/E ratio of 218.07 and a beta of 1.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. 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 posted its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $0.68 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels's payout ratio is currently 73.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Hyatt Hotels in the 2nd quarter worth about $39,000. Empowered Funds LLC bought a new position in shares of Hyatt Hotels in the second quarter valued at approximately $322,000. Public Employees Retirement System of Ohio purchased a new position in Hyatt Hotels during the second quarter valued at approximately $908,000. Corient Private Wealth LP bought a new stake in Hyatt Hotels during the 2nd quarter worth approximately $1,540,000. Finally, Bamco Inc. NY bought a new stake in Hyatt Hotels during the 2nd quarter worth approximately $1,028,638,000. 73.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Hyatt Hotels from a "sell" rating to a "hold" rating in a research report on Saturday, May 23rd. Sanford C. Bernstein boosted their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Barclays lowered their price objective 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. Mizuho lifted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an "outperform" rating in a report on Friday, May 29th. Finally, Wells Fargo & Company boosted their target price on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 16th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Hyatt Hotels has a consensus rating of "Moderate Buy" and an average price target of $196.64.

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.

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