Hyatt Hotels Corp. (NYSE:H) major shareholder Gregory Boyd Penner sold 130,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. 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 SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, November 8th, Gregory Boyd Penner sold 130,000 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $52.41, for a total value of $6,813,300.00.

Shares of Hyatt Hotels Corp. (NYSE:H) opened at 52.98 on Monday. The firm’s 50 day moving average is $50.22 and its 200-day moving average is $50.08. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 36.07 and a beta of 1.41. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82.

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 Thomson Reuters’ 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 company earned $0.30 EPS. Equities research analysts predict that Hyatt Hotels Corp. will post $1.59 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Hyatt Hotels Corp. by 3.1% in the second quarter. Legal & General Group Plc now owns 3,217 shares of the company’s stock valued at $158,000 after buying an additional 97 shares in the last quarter. Brave Asset Management Inc acquired a new position in shares of Hyatt Hotels Corp. during the second quarter valued at $167,000. Pacer Advisors Inc. raised its position in shares of Hyatt Hotels Corp. by 500.9% in the second quarter. Pacer Advisors Inc. now owns 4,062 shares of the company’s stock valued at $199,000 after buying an additional 3,386 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Hyatt Hotels Corp. during the third quarter valued at $201,000. Finally, Princeton Alpha Management LP acquired a new position in shares of Hyatt Hotels Corp. during the third quarter valued at $252,000. Institutional investors and hedge funds own 17.75% of the company’s stock.

Several brokerages recently commented on H. Vetr cut Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 target price on the stock. in a report on Thursday, August 25th. TheStreet lowered shares of Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Citigroup Inc. lifted their price target on shares of Hyatt Hotels Corp. from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Morgan Stanley restated a “hold” rating and issued a $49.00 price target on shares of Hyatt Hotels Corp. in a research report on Monday, August 15th. Finally, Zacks Investment Research upgraded shares of Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $51.66.

Hyatt Hotels Corp. Company Profile

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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