Susquehanna Cuts Hyatt Hotels (NYSE:H) Price Target to $180.00

Key Points

• Susquehanna cut its price target on Hyatt Hotels from $185 to $180 and kept a "neutral" rating, implying roughly a 10.66% upside from the current share price.
• Analysts collectively have an average price target of $183.57 and a consensus rating of "Moderate Buy" (1 Strong Buy, 9 Buy, 6 Hold).
• Shares traded at $162.66 after a slight drop; the company beat Q1 EPS and revenue estimates, but insiders sold about 214,234 shares (~$35.9M) in recent filings.

Hyatt Hotels (NYSE:H - Get Free Report) had its price target lowered by investment analysts at Susquehanna from $185.00 to $180.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Susquehanna's target price would suggest a potential upside of 10.66% from the stock's current price.

H has been the subject of a number of other reports. Wall Street Zen cut Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Saturday. Morgan Stanley upped their price target on Hyatt Hotels from $185.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 10th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Hyatt Hotels in a research note on Friday, March 27th. Evercore reissued an "in-line" rating and set a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company increased their target price on Hyatt Hotels from $167.00 to $171.00 and gave the stock an "equal weight" rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $183.57.

Hyatt Hotels Trading Down 0.7%

Shares of H stock traded down $1.08 on Monday, reaching $162.66. The company had a trading volume of 62,001 shares, compared to its average volume of 849,368. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The stock has a market cap of $15.37 billion, a PE ratio of -464.71, a PEG ratio of 1.95 and a beta of 1.33. The company has a 50-day moving average of $155.27 and a 200-day moving average of $157.44. Hyatt Hotels has a 12 month low of $120.36 and a 12 month high of $180.53.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The company had revenue of $1.75 billion during 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 business posted $0.46 EPS. On average, equities analysts forecast that Hyatt Hotels will post 3.13 earnings per share for the current year.

Insider Activity at Hyatt Hotels

In other news, insider Kinsey Wolf sold 400 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00. Following the completion of the transaction, the insider directly owned 545 shares of the company's stock, valued at $80,267.60. This trade represents a 42.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the firm's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the transaction, the insider directly owned 213,434 shares of the company's stock, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 214,234 shares of company stock valued at $35,920,202 over the last ninety days. Company insiders own 23.60% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company's stock worth $210,000 after acquiring an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of Hyatt Hotels by 0.8% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company's stock valued at $1,339,000 after buying an additional 72 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Hyatt Hotels by 18.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company's stock valued at $74,000 after buying an additional 72 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company's stock valued at $69,000 after buying an additional 73 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company's stock valued at $372,000 after buying an additional 79 shares during the last quarter. 73.54% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.