Susquehanna Begins Coverage on Hyatt Hotels (NYSE:H)

Investment analysts at Susquehanna assumed coverage on shares of Hyatt Hotels (NYSE:HGet Free Report) in a research note issued on Friday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $160.00 price target on the stock. Susquehanna’s price target would indicate a potential upside of 7.77% from the company’s previous close.

H has been the topic of several other reports. Morgan Stanley cut Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $149.00 to $156.00 in a research report on Monday, March 11th. Truist Financial lowered their price target on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Sanford C. Bernstein lifted their price target on Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $162.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and an average price target of $149.00.

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Hyatt Hotels Stock Down 1.0 %

Shares of Hyatt Hotels stock opened at $148.46 on Friday. The business’s fifty day moving average price is $148.80 and its two-hundred day moving average price is $143.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $15.02 billion, a P/E ratio of 23.05 and a beta of 1.49. Hyatt Hotels has a 1-year low of $96.77 and a 1-year high of $161.50.

Hyatt Hotels (NYSE:HGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.72 billion. Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. During the same period in the previous year, the firm earned $0.41 EPS. As a group, research analysts forecast that Hyatt Hotels will post 3.38 EPS for the current year.

Insider Activity

In other news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the transaction, the insider now owns 16,104 shares in the company, valued at $2,398,207.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the sale, the director now owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $148.92, for a total value of $1,592,699.40. Following the sale, the insider now directly owns 16,104 shares of the company’s stock, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,189 shares of company stock worth $1,815,619. 23.50% of the stock is owned by corporate insiders.

Institutional Trading of Hyatt Hotels

A number of institutional investors have recently bought and sold shares of H. LRI Investments LLC acquired a new stake in shares of Hyatt Hotels in the first quarter worth about $26,000. Riverview Trust Co acquired a new stake in shares of Hyatt Hotels in the first quarter worth about $27,000. Quadrant Capital Group LLC lifted its position in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after buying an additional 127 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Hyatt Hotels in the first quarter worth about $53,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Hyatt Hotels in the fourth quarter worth about $59,000. Institutional investors and hedge funds own 71.02% of the company’s stock.

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 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.

Further Reading

Analyst Recommendations for Hyatt Hotels (NYSE:H)

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