Hyatt Hotels Corp. (NYSE:H) major shareholder Gregory Boyd Penner sold 130,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $52.41, for a total value of $6,813,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gregory Boyd Penner also recently made the following trade(s):

  • On Wednesday, November 9th, Gregory Boyd Penner sold 130,000 shares of Hyatt Hotels Corp. stock. The shares were sold at an average price of $52.41, for a total value of $6,813,300.00.

Hyatt Hotels Corp. (NYSE:H) opened at 52.93 on Thursday. Hyatt Hotels Corp. has a 12 month low of $34.06 and a 12 month high of $54.82. The firm has a 50 day moving average of $50.13 and a 200-day moving average of $50.01. The firm has a market cap of $7.04 billion, a P/E ratio of 45.09 and a beta of 1.41.

Hyatt Hotels Corp. (NYSE:H) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.18. Hyatt Hotels Corp. had a net margin of 4.49% and a return on equity of 5.33%. During the same period last year, the business posted $0.30 EPS. On average, equities research analysts forecast that Hyatt Hotels Corp. will post $1.57 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of Hyatt Hotels Corp. by 5.6% in the second quarter. Victory Capital Management Inc. now owns 16,158 shares of the company’s stock valued at $794,000 after buying an additional 859 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Hyatt Hotels Corp. during the first quarter valued at approximately $1,940,000. Brave Asset Management Inc bought a new stake in shares of Hyatt Hotels Corp. during the second quarter valued at approximately $167,000. GSA Capital Partners LLP raised its stake in shares of Hyatt Hotels Corp. by 226.7% in the second quarter. GSA Capital Partners LLP now owns 16,206 shares of the company’s stock valued at $796,000 after buying an additional 11,245 shares in the last quarter. Finally, I.G. Investment Management LTD. raised its stake in shares of Hyatt Hotels Corp. by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 8,547 shares of the company’s stock valued at $420,000 after buying an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 17.67% of the company’s stock.

H has been the subject of a number of research analyst reports. FBR & Co restated a “buy” rating and set a $62.00 price objective on shares of Hyatt Hotels Corp. in a research report on Thursday, August 4th. Morgan Stanley set a $49.00 price objective on Hyatt Hotels Corp. and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Stifel Nicolaus lowered Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 19th. They noted that the move was a valuation call. Finally, Vetr upgraded Hyatt Hotels Corp. from a “sell” rating to a “hold” rating and set a $50.60 price objective for the company in a research report on Monday, September 12th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.66.

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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