Hyatt Hotels (NYSE:H) Earns “Sell” Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their sell rating on shares of Hyatt Hotels (NYSE:H) in a report released on Monday, Marketbeat.com reports. They currently have a $110.00 price target on the stock, down from their previous price target of $150.00.

Several other equities research analysts have also issued reports on H. Mizuho dropped their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Morgan Stanley cut their target price on shares of Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 4th. Susquehanna raised their price target on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Barclays reduced their price objective on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, Macquarie dropped their target price on Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $156.64.

Hyatt Hotels Stock Down 3.1 %

H opened at $109.05 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. Hyatt Hotels has a one year low of $102.43 and a one year high of $168.20. The firm has a market capitalization of $10.49 billion, a P/E ratio of 8.77 and a beta of 1.35. The company has a fifty day moving average price of $131.17 and a 200-day moving average price of $146.86.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the company earned $0.64 earnings per share. Equities research analysts expect that Hyatt Hotels will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.55%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 10,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now owns 9,337 shares of the company’s stock, valued at $1,090,561.60. The trade was a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan D. Kronick sold 1,600 shares of Hyatt Hotels stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,600 shares of company stock worth $1,517,798 over the last quarter. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its holdings in shares of Hyatt Hotels by 1.2% in the 4th quarter. Bamco Inc. NY now owns 5,550,789 shares of the company’s stock worth $871,363,000 after purchasing an additional 67,385 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Hyatt Hotels by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company’s stock worth $447,376,000 after acquiring an additional 9,477 shares during the period. Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock worth $422,960,000 after purchasing an additional 46,413 shares during the last quarter. Bank of Nova Scotia raised its stake in Hyatt Hotels by 2.2% during the 4th quarter. Bank of Nova Scotia now owns 1,716,986 shares of the company’s stock valued at $269,532,000 after buying an additional 37,057 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock worth $114,214,000 after buying an additional 7,440 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Company Profile

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.