Hyatt Hotels (NYSE:H) Sets New 52-Week High After Analyst Upgrade

Hyatt Hotels Co. (NYSE:HGet Rating)’s share price hit a new 52-week high during mid-day trading on Friday after Barclays raised their price target on the stock from $111.00 to $113.00. Barclays currently has an overweight rating on the stock. Hyatt Hotels traded as high as $108.12 and last traded at $107.95, with a volume of 12403 shares. The stock had previously closed at $105.04.

Other research analysts have also recently issued reports about the company. Redburn Partners assumed coverage on Hyatt Hotels in a report on Wednesday, November 30th. They set a “buy” rating for the company. Wells Fargo & Company lifted their price objective on Hyatt Hotels to $111.00 in a report on Wednesday, December 14th. Morgan Stanley lifted their price target on Hyatt Hotels from $136.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday. Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Tuesday, September 27th. Finally, TheStreet lowered shares of Hyatt Hotels from a “b-” rating to a “c” rating in a report on Wednesday, December 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.50.

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 450 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $100.73, for a total value of $45,328.50. Following the sale, the insider now directly owns 5,317 shares in the company, valued at approximately $535,581.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyatt Hotels

Hedge funds have recently bought and sold shares of the stock. TCW Group Inc. acquired a new stake in Hyatt Hotels during the 2nd quarter worth approximately $831,000. Assenagon Asset Management S.A. raised its holdings in Hyatt Hotels by 260.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 145,241 shares of the company’s stock worth $11,759,000 after buying an additional 104,966 shares during the period. Heritage Wealth Management LLC bought a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $37,000. Delphia USA Inc. bought a new position in shares of Hyatt Hotels during the 2nd quarter worth approximately $204,000. Finally, National Bank of Canada FI grew its stake in shares of Hyatt Hotels by 265.1% during the 2nd quarter. National Bank of Canada FI now owns 137,350 shares of the company’s stock worth $10,152,000 after acquiring an additional 99,732 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Stock Up 3.9 %

The company has a market capitalization of $11.69 billion, a P/E ratio of 93.25 and a beta of 1.36. The firm’s 50 day moving average price is $96.51 and its two-hundred day moving average price is $89.72. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91.

Hyatt Hotels (NYSE:HGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.33. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Hyatt Hotels had a net margin of 2.45% and a negative return on equity of 6.19%. Equities research analysts forecast that Hyatt Hotels Co. will post 1.07 EPS for the current year.

Hyatt Hotels Company Profile

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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.

Further Reading

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