Hyatt Hotels Co. (NYSE: H) insider Alejandro Reynal purchased 24,000 shares of the stock in a transaction that occurred on Thursday, December 16. The stock was purchased for an average price of $ 83.25 per share for a total value of $ 1,998,000.00. The acquisition was announced in a filing with the Securities & Exchange Commission, which can be accessed via this link.
Hyatt Hotels share traded around $ 0.35 during midday trading on Monday to hit $ 83.25. 706,879 shares in the company were exchanged compared to an average volume of 654,232. The company has a current metric of 3.70, a quick ratio of 3.69 and debt of 0.83. Hyatt Hotels Co. has a 1-year low of $ 65.44 and a 1-year high of $ 94.92. The stock has a 50-day moving average of $ 84.39 and a 200-day moving average of $ 79.58.
Hyatt Hotels (NYSE: H) last released its earnings results on Wednesday, November 3rd. The company reported $ 2.31 EPS for the quarter, beating Thomson Reuters’ consensus estimate of ($ 0.39) by $ 2.70. The company had revenue of $ 851.00 million for the quarter, compared to the consensus estimate of $ 860.31 million. Hyatt Hotels had a negative net margin of 16.67% and a negative return on equity of 13.27%. For the same period last year, the company had earnings per share ($ 1.48). On average, analysts are forecasting earnings per share of -2.42 for Hyatt Hotels Co. for the current fiscal year.
A number of brokerage firms recently released reports on H. TheStreet that upgraded Hyatt Hotels from a “d +” rating to a “c-” rating in a report on Thursday, October 14th. Truist Securities raised its price target for Hyatt Hotels from US $ 76.00 to US $ 78.00 and gave the stock a “Hold” rating in a research report on Friday, December 3rd. Loop Capital classified Hyatt Hotels in a research report dated Thursday 2nd. Sanford C. Bernstein began reporting on Hyatt Hotels in a research report on Monday, December 13th. They set an “Outperform” rating and a target price of $ 105.00 for the company. Finally, Wells Fargo & Company upgraded Hyatt Hotels from “equilibrium” to “overweight” in a research report dated Wednesday November 17th, increasing their price target for the company from $ 82.00 to $ 96.00. Two investment analysts have rated the stock with a sell rating, twelve with a hold rating and four with a buy rating. Hyatt Hotels currently has an average “Hold” rating and a consensus price target of $ 79.38, according to MarketBeat.com.
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A number of hedge funds have recently added or reduced their stakes in the business. Deseret Mutual Benefit Administrators bought a new stake in Hyatt Hotels valued at approximately $ 33,000 in the second quarter. Penserra Capital Management LLC bought a new position in Hyatt Hotels for approximately $ 33,000 in the second quarter. Berman Capital Advisors LLC increased its stake in Hyatt Hotels by 6,220.0% in the third quarter. Berman Capital Advisors LLC now owns 632 shares in the company valued at $ 48,000 after purchasing an additional 622 shares during the reporting period. Herold Advisors Inc. bought a new position in Hyatt Hotels for approximately $ 61,000 in the third quarter. Finally, Metropolitan Life Insurance Co NY acquired a new position in Hyatt Hotels valued at approximately $ 65,000 in the second quarter. Institutional investors own 39.39% of the company’s shares.
Hyatt Hotels company profile
Hyatt Hotels Corp. deals with the development and management of resort and hotel chains. It operates in the following segments: owned and leased hotels; America’s Management and Franchising; ASPAC management and franchising; and EAME / SW Asia Management and Franchising. The Owned and Leased Hotels segment offers hospitality services and hotels.
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