Hyatt Hotels (NYSE:H) Trading Down 5.6% on Insider Selling

Shares of Hyatt Hotels Co. (NYSE:H) traded down 5.6% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $116.89 and last traded at $116.96. 142,488 shares were traded during mid-day trading, a decline of 75% from the average session volume of 577,002 shares. The stock had previously closed at $123.92.

Specifically, insider Mark R. Vondrasek sold 10,000 shares of Hyatt Hotels stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $1,168,000.00. Following the sale, the insider now directly owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This trade represents a 51.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the transaction, the insider now directly owns 811 shares of the company’s stock, valued at approximately $99,712.45. This trade represents a 55.22 % decrease in their position. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on H shares. Morgan Stanley lowered their price objective on Hyatt Hotels from $157.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 4th. Susquehanna boosted their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Jefferies Financial Group raised their price objective on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. JPMorgan Chase & Co. upped their target price on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Mizuho cut their price target on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $161.97.

Hyatt Hotels Stock Down 1.8 %

The company has a market cap of $11.70 billion, a P/E ratio of 9.78 and a beta of 1.51. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average price of $145.42 and a 200 day moving average price of $151.00.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the company earned $0.64 EPS. Equities research analysts forecast that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of H. Geode Capital Management LLC lifted its stake in shares of Hyatt Hotels by 1.0% during the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after acquiring an additional 7,440 shares during the period. TT International Asset Management LTD bought a new stake in Hyatt Hotels during the 4th quarter worth about $5,283,000. Bamco Inc. NY lifted its position in Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after purchasing an additional 68,608 shares during the period. World Investment Advisors LLC bought a new position in shares of Hyatt Hotels in the 3rd quarter valued at about $4,520,000. Finally, Versant Capital Management Inc grew its position in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after buying an additional 175 shares during the period. 73.54% of the stock is currently owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.