Insider Selling: Hyatt Hotels Corporation (H) Insider Sells 10,000 Shares of Stock
Hyatt Hotels Corporation (NYSE:H) insider Maryam Banikarim sold 10,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $61.42, for a total value of $614,200.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Hyatt Hotels Corporation (H) traded up 0.75% during trading on Wednesday, reaching $60.74. The company’s stock had a trading volume of 398,866 shares. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 30.46 and a beta of 1.24. Hyatt Hotels Corporation has a 12 month low of $47.94 and a 12 month high of $62.08. The stock’s 50 day moving average is $59.37 and its 200 day moving average is $56.96.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. On average, equities analysts expect that Hyatt Hotels Corporation will post $1.60 EPS for the current fiscal year.
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A number of equities analysts have recently weighed in on the company. BidaskClub lowered Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Robert W. Baird reiterated a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels Corporation in a research note on Friday, September 8th. FBR & Co reiterated an “outperform” rating and set a $66.00 target price (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and set a $60.00 target price (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Finally, Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Hyatt Hotels Corporation currently has a consensus rating of “Hold” and an average target price of $59.63.
Several hedge funds and other institutional investors have recently bought and sold shares of H. UBS Asset Management Americas Inc. grew its stake in Hyatt Hotels Corporation by 23.6% during the first quarter. UBS Asset Management Americas Inc. now owns 5,070 shares of the company’s stock valued at $274,000 after acquiring an additional 967 shares in the last quarter. Karp Capital Management Corp purchased a new position in Hyatt Hotels Corporation during the first quarter valued at approximately $900,000. Oxford Asset Management grew its stake in Hyatt Hotels Corporation by 78.3% during the first quarter. Oxford Asset Management now owns 22,708 shares of the company’s stock valued at $1,226,000 after acquiring an additional 9,971 shares in the last quarter. Pacer Advisors Inc. grew its stake in Hyatt Hotels Corporation by 11.2% during the first quarter. Pacer Advisors Inc. now owns 5,070 shares of the company’s stock valued at $274,000 after acquiring an additional 512 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Hyatt Hotels Corporation during the first quarter valued at approximately $481,000. 30.68% of the stock is currently owned by institutional investors.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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