Zacks Investment Research cut shares of Hyatt Hotels Corp. (NYSE:H) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “Hyatt Hotels Corporation is a global hospitality company that manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. Its hotels and resorts offer business centers, car rentals, catering, weddings, fitness centers, hotel shops, lounges, meetings and events, pools, and restaurants. The company is based in Chicago, Illinois. It has hotel locations in North America, Asia, Europe, Latin America, Caribbean, Australia, New Zealand, Africa, and the Middle East. The company’s mission is to provide authentic hospitality by making a difference in the lives of the people they touch every day. “

Several other equities research analysts have also recently issued reports on H. Deutsche Bank AG reaffirmed a hold rating and set a $47.00 target price on shares of Hyatt Hotels Corp. in a research note on Sunday, June 26th. Morgan Stanley set a $49.00 price target on Hyatt Hotels Corp. and gave the stock a hold rating in a report on Wednesday, August 3rd. Citigroup Inc. lifted their price target on Hyatt Hotels Corp. from $50.00 to $55.00 and gave the stock a neutral rating in a report on Thursday, August 11th. FBR & Co reiterated a buy rating and set a $62.00 price target on shares of Hyatt Hotels Corp. in a report on Thursday, August 4th. Finally, Vetr lowered Hyatt Hotels Corp. from a hold rating to a sell rating and set a $47.00 price target on the stock. in a report on Wednesday, July 20th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $53.24.

Analyst Recommendations for Hyatt Hotels Corp. (NYSE:H)

Hyatt Hotels Corp. (NYSE:H) opened at 49.33 on Tuesday. The stock’s 50 day moving average is $51.27 and its 200 day moving average is $49.62. The stock has a market capitalization of $6.56 billion, a PE ratio of 42.02 and a beta of 1.51. Hyatt Hotels Corp. has a 12-month low of $34.06 and a 12-month high of $54.82.

Hyatt Hotels Corp. (NYSE:H) last announced its earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.17. Hyatt Hotels Corp. had a net margin of 3.69% and a return on equity of 4.78%. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities analysts anticipate that Hyatt Hotels Corp. will post $1.48 EPS for the current fiscal year.

In other Hyatt Hotels Corp. news, insider David Udell sold 7,344 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $52.26, for a total value of $383,797.44. Following the sale, the insider now owns 7,582 shares of the company’s stock, valued at $396,235.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.50% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its stake in Hyatt Hotels Corp. by 1,733.4% in the first quarter. UBS Group AG now owns 288,080 shares of the company’s stock worth $14,257,000 after buying an additional 272,367 shares during the last quarter. Credit Suisse AG raised its stake in Hyatt Hotels Corp. by 415.2% in the second quarter. Credit Suisse AG now owns 160,131 shares of the company’s stock worth $7,870,000 after buying an additional 129,048 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Hyatt Hotels Corp. by 13.0% in the first quarter. TIAA CREF Investment Management LLC now owns 585,564 shares of the company’s stock worth $28,980,000 after buying an additional 67,466 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Hyatt Hotels Corp. during the second quarter worth approximately $2,726,000. Finally, KBC Group NV raised its stake in Hyatt Hotels Corp. by 55.2% in the second quarter. KBC Group NV now owns 146,009 shares of the company’s stock worth $7,175,000 after buying an additional 51,904 shares during the last quarter. 17.67% of the stock is currently owned by institutional investors and hedge funds.

About Hyatt Hotels Corp.

Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.

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