Wall Street Zen Upgrades Hyatt Hotels (NYSE:H) to "Hold"

Key Points

• Hyatt Hotels was upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a more positive outlook on the stock.
• Several analysts have varied ratings on Hyatt, with the company holding a consensus rating of "Moderate Buy" and an average price target of $152.26.
• Recent insider trading included a significant acquisition of 996,587 shares by Hotels Corp Hyatt at a cost of $13.50 per share, increasing their ownership stake by 0.86%.

Hyatt Hotels (NYSE:H - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Other equities research analysts have also issued research reports about the company. Truist Financial dropped their price target on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Robert W. Baird boosted their price target on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Finally, Evercore ISI cut their price target on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hyatt Hotels has a consensus rating of "Moderate Buy" and an average price target of $152.26.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $135.75 on Friday. The firm has a market cap of $12.96 billion, a P/E ratio of 32.25, a P/E/G ratio of 2.34 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The stock's fifty day moving average price is $140.48 and its 200-day moving average price is $134.26.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.59% and a net margin of 6.39%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. On average, equities research analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Hyatt Hotels news, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the transaction, the insider owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $7,083,672.75. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock worth $49,273,516 over the last quarter. Corporate insiders own 23.70% of the company's stock.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds have recently bought and sold shares of the company. Bamco Inc. NY lifted its stake in Hyatt Hotels by 1.2% during the 4th quarter. Bamco Inc. NY now owns 5,550,789 shares of the company's stock worth $871,363,000 after acquiring an additional 67,385 shares in the last quarter. Vanguard Group Inc. raised its position in Hyatt Hotels by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company's stock valued at $480,260,000 after purchasing an additional 21,190 shares in the last quarter. Principal Financial Group Inc. raised its position in Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after purchasing an additional 441,417 shares in the last quarter. Bank of Nova Scotia raised its position in Hyatt Hotels by 9.3% in the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after purchasing an additional 160,461 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Hyatt Hotels by 6.9% in the 1st quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company's stock valued at $220,578,000 after purchasing an additional 116,813 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.