Hyatt Hotels Corp. (NYSE:H) major shareholder Gregory Boyd Penner sold 43,000 shares of the stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $53.76, for a total transaction of $2,311,680.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Monday, November 21st, Gregory Boyd Penner sold 136,176 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $54.18, for a total transaction of $7,378,015.68.
  • On Thursday, November 17th, Gregory Boyd Penner sold 81,000 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $53.92, for a total transaction of $4,367,520.00.
  • On Friday, November 18th, Gregory Boyd Penner sold 78,000 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $53.98, for a total transaction of $4,210,440.00.
  • On Wednesday, November 16th, Gregory Boyd Penner sold 198,892 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $53.35, for a total transaction of $10,610,888.20.
  • On Tuesday, November 15th, Gregory Boyd Penner sold 45,000 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $52.56, for a total transaction of $2,365,200.00.
  • On Monday, November 14th, Gregory Boyd Penner sold 68,000 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $53.24, for a total transaction of $3,620,320.00.
  • On Friday, November 11th, Gregory Boyd Penner sold 44,878 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $52.83, for a total transaction of $2,370,904.74.
  • On Thursday, November 10th, Gregory Boyd Penner sold 62,431 shares of Hyatt Hotels Corp. stock. The stock was sold at an average price of $52.83, for a total transaction of $3,298,229.73.
  • 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 transaction of $6,813,300.00.
  • On Wednesday, November 9th, 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 transaction of $6,813,300.00.

Shares of Hyatt Hotels Corp. (NYSE:H) traded down 1.27% during midday trading on Wednesday, hitting $52.99. 864,270 shares of the company’s stock were exchanged. The company has a 50-day moving average of $51.07 and a 200-day moving average of $50.35. 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 earnings results on Thursday, November 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $0.30 EPS. Equities research analysts expect that Hyatt Hotels Corp. will post $1.63 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Hyatt Hotels Corp. (NYSE:H)

Institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of Hyatt Hotels Corp. by 3.4% in the second quarter. HighTower Advisors LLC now owns 26,221 shares of the company’s stock valued at $1,303,000 after buying an additional 850 shares in the last quarter. BlackRock Inc. raised its position in shares of Hyatt Hotels Corp. by 62.7% in the second quarter. BlackRock Inc. now owns 11,140 shares of the company’s stock valued at $547,000 after buying an additional 4,291 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hyatt Hotels Corp. by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 198,851 shares of the company’s stock valued at $9,770,000 after buying an additional 21,506 shares in the last quarter. Victory Capital Management Inc. raised its position 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. Finally, Brave Asset Management Inc acquired a new position in shares of Hyatt Hotels Corp. during the second quarter valued at $167,000. Institutional investors own 18.82% of the company’s stock.

H has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Hyatt Hotels Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Vetr cut Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 price target on the stock. in a report on Thursday, August 25th. cut Hyatt Hotels Corp. from an “outperform” rating to an “underperform” rating in a report on Wednesday, November 2nd. Morgan Stanley cut Hyatt Hotels Corp. from an “equal weight” rating to an “underweight” rating and set a $46.00 price target on the stock. in a report on Monday, September 26th. Finally, Nomura cut Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a report on Tuesday, October 25th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.66.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Hyatt Hotels Corp. (H) Major Shareholder Sells 43,000 Shares of Stock” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2016/11/23/insider-selling-hyatt-hotels-corp-h-major-shareholder-sells-43000-shares-of-stock.html.

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.

5 Day Chart for NYSE:H

Receive News & Stock Ratings for Hyatt Hotels Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels Corp. and related stocks with our FREE daily email newsletter.