Insider Selling: Hyatt Hotels Co. (NYSE:H) Insider Sells 10,000 Shares of Stock

Hyatt Hotels Co. (NYSE:H) insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This represents a 51.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Hyatt Hotels Price Performance

Shares of NYSE H traded down $2.24 during midday trading on Friday, hitting $121.68. 1,515,112 shares of the company’s stock were exchanged, compared to its average volume of 820,045. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average price is $146.02 and its two-hundred day moving average price is $151.20. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 9.78 and a beta of 1.51. Hyatt Hotels Co. has a 12-month low of $116.13 and a 12-month high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly 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 firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the previous year, the business earned $0.64 EPS. As a group, research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Hedge Funds Weigh In On Hyatt Hotels

A number of large investors have recently bought and sold shares of H. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 7,440 shares in the last quarter. TT International Asset Management LTD bought a new position in Hyatt Hotels in the fourth quarter worth about $5,283,000. Bamco Inc. NY lifted its holdings in Hyatt Hotels by 1.3% in the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after buying an additional 68,608 shares during the period. Icon Wealth Advisors LLC boosted its position in Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after acquiring an additional 130,724 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Hyatt Hotels during the 3rd quarter worth approximately $4,520,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

H has been the topic of several analyst reports. Robert W. Baird cut their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Susquehanna upped their price objective on shares of 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 target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Wells Fargo & Company lowered their price target on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Truist Financial cut their price objective on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and a consensus target price of $161.87.

About Hyatt Hotels

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.