Hyatt Hotels Co. (NYSE:H) insider Maryam Banikarim sold 4,992 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $80.17, for a total transaction of $400,208.64. Following the sale, the insider now directly owns 23,840 shares in the company, valued at approximately $1,911,252.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Hyatt Hotels Co. (H) traded down $0.99 during trading hours on Friday, hitting $79.98. The stock had a trading volume of 821,961 shares, compared to its average volume of 952,114. Hyatt Hotels Co. has a 52-week low of $51.62 and a 52-week high of $83.02. The stock has a market cap of $9,610.38, a price-to-earnings ratio of 40.55, a price-to-earnings-growth ratio of 11.68 and a beta of 1.31. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.41.
Hyatt Hotels (NYSE:H) last announced its earnings results on Wednesday, February 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Hyatt Hotels had a return on equity of 6.02% and a net margin of 5.31%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.29 EPS. analysts forecast that Hyatt Hotels Co. will post 1.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%.
A number of equities research analysts have recently commented on the stock. B. Riley set a $84.00 price objective on shares of Hyatt Hotels and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus raised their price objective on shares of Hyatt Hotels from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, February 23rd. SunTrust Banks raised their price objective on shares of Hyatt Hotels to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Evercore ISI raised shares of Hyatt Hotels from an “underperform” rating to an “in-line” rating in a research note on Tuesday, February 20th. Finally, Deutsche Bank raised their price objective on shares of Hyatt Hotels from $78.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $80.69.
Large investors have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in Hyatt Hotels in the 4th quarter valued at $132,000. Acadian Asset Management LLC lifted its holdings in Hyatt Hotels by 134.7% in the 4th quarter. Acadian Asset Management LLC now owns 2,244 shares of the company’s stock valued at $165,000 after purchasing an additional 1,288 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Hyatt Hotels in the 4th quarter valued at $202,000. Prudential Financial Inc. purchased a new position in Hyatt Hotels in the 3rd quarter valued at $212,000. Finally, State of Alaska Department of Revenue purchased a new position in Hyatt Hotels in the 4th quarter valued at $220,000. Hedge funds and other institutional investors own 39.20% of the company’s stock.
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About Hyatt Hotels
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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