Hyatt Hotels Corporation (NYSE:H) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $62.16 and last traded at $62.08, with a volume of 121,163 shares changing hands. The stock had previously closed at $61.70.
A number of research analysts have recently commented on the company. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $61.00 price objective on shares of Hyatt Hotels Corporation in a report on Tuesday. BidaskClub downgraded Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Robert W. Baird reiterated a “buy” rating and issued a $68.00 price objective on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. FBR & Co reiterated an “outperform” rating and issued a $66.00 price objective (up previously from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $59.63.
The stock has a market cap of $7.74 billion, a PE ratio of 31.05 and a beta of 1.24. The stock has a 50-day moving average price of $60.52 and a 200-day moving average price of $57.46.
Hyatt Hotels Corporation (NYSE:H) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.17. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same period in the previous year, the company earned $0.64 earnings per share. Analysts expect that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
In other news, Director Richard A. Friedman sold 8,654,050 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $57.58, for a total transaction of $498,300,199.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rena Hozore Reiss sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $61.43, for a total value of $245,720.00. Following the transaction, the insider now directly owns 30,881 shares of the company’s stock, valued at $1,897,019.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,884,695 shares of company stock valued at $512,360,831. 27.51% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of H. Cibc World Markets Corp bought a new position in shares of Hyatt Hotels Corporation during the second quarter valued at approximately $37,099,000. BNP Paribas Arbitrage SA grew its holdings in shares of Hyatt Hotels Corporation by 485.2% during the second quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock valued at $35,129,000 after purchasing an additional 518,164 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Hyatt Hotels Corporation during the second quarter valued at approximately $478,000. Vanguard Group Inc. grew its holdings in shares of Hyatt Hotels Corporation by 19.5% during the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock valued at $155,055,000 after purchasing an additional 469,675 shares during the last quarter. Finally, UBS Oconnor LLC bought a new position in shares of Hyatt Hotels Corporation during the first quarter valued at approximately $25,108,000. 30.68% of the stock is owned by institutional investors.
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Hyatt Hotels Corporation Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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