Hyatt Hotels Co. (NYSE:H) Sees Significant Decrease in Short Interest

Hyatt Hotels Co. (NYSE:HGet Rating) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 2,940,000 shares, a drop of 7.8% from the August 15th total of 3,190,000 shares. Based on an average trading volume of 678,800 shares, the short-interest ratio is presently 4.3 days.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 43,418 shares of the firm’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $90.42, for a total value of $3,925,855.56. Following the completion of the transaction, the insider now owns 436,951 shares of the company’s stock, valued at $39,509,109.42. The transaction was disclosed in a filing with the SEC, which is available at this link. 21.24% of the stock is owned by insiders.

Institutional Trading of Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its holdings in Hyatt Hotels by 102.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 284 shares of the company’s stock valued at $27,000 after buying an additional 144 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of Hyatt Hotels by 289.0% during the second quarter. Pinebridge Investments L.P. now owns 389 shares of the company’s stock valued at $29,000 after acquiring an additional 289 shares during the period. Heritage Wealth Management LLC bought a new stake in shares of Hyatt Hotels during the second quarter valued at about $37,000. CWM LLC raised its position in Hyatt Hotels by 59.3% in the second quarter. CWM LLC now owns 567 shares of the company’s stock worth $42,000 after acquiring an additional 211 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Hyatt Hotels by 136.4% during the 1st quarter. Captrust Financial Advisors now owns 487 shares of the company’s stock valued at $46,000 after acquiring an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 46.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Berenberg Bank upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and raised their price target for the company from $85.00 to $105.00 in a research report on Thursday, September 15th. Barclays initiated coverage on shares of Hyatt Hotels in a research report on Tuesday, June 28th. They set an “overweight” rating and a $103.00 price target on the stock. Evercore ISI dropped their price target on shares of Hyatt Hotels from $110.00 to $100.00 and set an “in-line” rating on the stock in a research report on Monday, July 11th. Finally, Robert W. Baird raised their price target on shares of Hyatt Hotels from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, August 24th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.38.

Hyatt Hotels Price Performance

Shares of H stock opened at $89.78 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50-day moving average is $86.89 and its two-hundred day moving average is $87.00. Hyatt Hotels has a 12 month low of $70.12 and a 12 month high of $108.10. The company has a market capitalization of $9.90 billion, a PE ratio of 43.37 and a beta of 1.37.

Hyatt Hotels (NYSE:HGet Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.47. Hyatt Hotels had a net margin of 4.78% and a negative return on equity of 1.40%. During the same period in the prior year, the business posted ($1.15) EPS. Analysts predict that Hyatt Hotels will post 0.68 earnings per share for the current year.

About Hyatt Hotels

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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/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

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