Hyatt Hotels (H) Cut to “Market Perform” at Raymond James
Raymond James downgraded shares of Hyatt Hotels (NYSE:H) from an outperform rating to a market perform rating in a report released on Tuesday, Marketbeat reports. They currently have $80.00 target price on the stock.
Other equities analysts have also issued research reports about the stock. Robert W. Baird set a $88.00 price target on shares of Hyatt Hotels and gave the stock a buy rating in a research report on Friday, October 19th. Jefferies Financial Group reaffirmed a hold rating and set a $84.00 price target on shares of Hyatt Hotels in a research report on Thursday, October 4th. Zacks Investment Research raised shares of Hyatt Hotels from a hold rating to a buy rating and set a $82.00 price target for the company in a research report on Wednesday, December 5th. Wells Fargo & Co dropped their price target on shares of Hyatt Hotels from $92.00 to $79.00 and set an outperform rating for the company in a research report on Thursday, November 1st. Finally, SunTrust Banks dropped their price target on shares of Hyatt Hotels to $78.00 and set a hold rating for the company in a research report on Thursday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Hyatt Hotels currently has a consensus rating of Hold and an average price target of $78.86.
H stock traded down $0.02 during midday trading on Tuesday, hitting $67.96. 5,773 shares of the stock were exchanged, compared to its average volume of 662,145. The stock has a market cap of $7.46 billion, a PE ratio of 38.22, a P/E/G ratio of 2.92 and a beta of 1.18. Hyatt Hotels has a fifty-two week low of $63.45 and a fifty-two week high of $84.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.17.
In other Hyatt Hotels news, insider Featherman Trust sold 72,569 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $68.90, for a total transaction of $5,000,004.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark R. Vondrasek sold 7,540 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $71.77, for a total transaction of $541,145.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,355 shares of company stock worth $5,687,117. Corporate insiders own 18.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Select Equity Group L.P. boosted its position in shares of Hyatt Hotels by 116.4% during the 3rd quarter. Select Equity Group L.P. now owns 1,509,904 shares of the company’s stock valued at $120,173,000 after purchasing an additional 812,192 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hyatt Hotels by 110.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock valued at $88,055,000 after purchasing an additional 580,125 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of Hyatt Hotels during the 2nd quarter valued at about $19,708,000. MARSHALL WACE ASIA Ltd boosted its position in shares of Hyatt Hotels by 40.2% during the 3rd quarter. MARSHALL WACE ASIA Ltd now owns 659,188 shares of the company’s stock valued at $52,465,000 after purchasing an additional 188,924 shares in the last quarter. Finally, Baskin Financial Services Inc. bought a new position in shares of Hyatt Hotels during the 3rd quarter valued at about $13,891,000. 36.70% of the stock is currently owned by hedge funds and other institutional investors.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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