November 23, 2016 - By Marguerite Chambers
Gregory Penner, shareholder of Hyatt Hotels Corp, in an insider transaction unloaded 43,000 shares whose sum is estimated to be $2,311,723 at average stock price of $53.8. He also sold 946,753 shares with a market value $50,310,655 USD in the last 30 days. The chances that this trade remains unseen are super little considering the substantial amount of money involved. Right now, Gregory Penner owns 9.28 million shares which are roughly 7.19% of Hyatt Hotels Corp’s market cap.
Out of 20 analysts covering Hyatt Hotels (NYSE:H), 7 rate it a “Buy”, 5 “Sell”, while 8 “Hold”. This means 35% are positive. $68 is the highest target while $30 is the lowest. The $53.50 average target is 1.23% above today’s ($52.85) stock price. Hyatt Hotels has been the topic of 42 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was downgraded by Deutsche Bank on Wednesday, August 5 to “Hold”. The firm has “Neutral” rating given on Thursday, August 11 by Citigroup. The stock of Hyatt Hotels Corporation (NYSE:H) earned “Outperform” rating by Wells Fargo on Wednesday, February 3. The firm has “Outperform” rating by FBR Capital given on Friday, November 4. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, February 23. On Thursday, May 19 the stock rating was downgraded by Bank of America to “Neutral”. Telsey Advisory Group initiated the stock with “Market Perform” rating in Monday, January 4 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, March 17. The stock of Hyatt Hotels Corporation (NYSE:H) earned “Buy” rating by Brean Capital on Wednesday, August 5. The firm has “Neutral” rating given on Wednesday, January 6 by JP Morgan.
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.41, from 0.61 in 2016Q1. The ratio improved, as 18 funds sold all Hyatt Hotels Corporation shares owned while 62 reduced positions. 17 funds bought stakes while 32 increased positions. They now own 22.71 million shares or 9.42% less from 25.07 million shares in 2016Q1.
Long Pond L P has invested 5.59% of its portfolio in Hyatt Hotels Corporation (NYSE:H). Ny State Common Retirement Fund holds 0% or 62,300 shares in its portfolio. Grs Ltd Liability Company reported 289,400 shares or 3.97% of all its holdings. Kanaly Tru owns 50 shares or 0% of their US portfolio. Aqr Capital Mngmt Ltd Liability Corporation has 224,373 shares for 0.02% of their US portfolio. Jane Street Group Limited Com, a New York-based fund reported 25,254 shares. Parallax Volatility Advisers Limited Partnership has 0% invested in the company for 8,853 shares. Ncm Capital Advisers accumulated 2.03% or 14,405 shares. Metropolitan Life Ins Communications New York holds 767 shares or 0% of its portfolio. Moreover, Peak6 Invs Ltd Partnership has 0% invested in Hyatt Hotels Corporation (NYSE:H) for 12,338 shares. Neuberger Berman Ltd Liability last reported 131,525 shares in the company. Alliancebernstein Lp accumulated 26,912 shares or 0% of the stock. Art Limited Liability Company accumulated 0.04% or 16,723 shares. Panagora Asset Management Inc accumulated 0% or 3,494 shares. Bamco New York last reported 1.2% of its portfolio in the stock.
Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 18 selling transactions for $81.51 million net activity. The insider Penner Gregory Boyd sold $2.37M. Shares for $7.38M were sold by Madrone GHC – LLC. $383,767 worth of Hyatt Hotels Corporation (NYSE:H) shares were sold by Udell David. Reiss Rena Hozore also sold $107,000 worth of Hyatt Hotels Corporation (NYSE:H) shares.
About 325,584 shares traded hands. Hyatt Hotels Corporation (NYSE:H) has risen 14.39% since April 21, 2016 and is uptrending. It has outperformed by 9.06% the S&P500.
Hyatt Hotels Corporation is a global hospitality company. The company has a market cap of $6.86 billion. The Firm 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. It has a 35.73 P/E ratio. The Firm operates through four divisions: Owned and leased hotels; Americas management and franchising; Southeast Asia, China, Australia, South Korea and Japan management and franchising, and Europe, Africa, the Middle East and Southwest Asia (EAME/SW Asia) management.
According to Zacks Investment Research, “Hyatt Hotels Corporation is a global hospitality company that manages, franchises, owns and develops Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. Its hotels and resorts offer business centers, car rentals, catering, weddings, fitness centers, hotel shops, lounges, meetings and events, pools, and restaurants. The company is based in Chicago, Illinois. It has hotel locations in North America, Asia, Europe, Latin America, Caribbean, Australia, New Zealand, Africa, and the Middle East. The company’s mission is to provide authentic hospitality by making a difference in the lives of the people they touch every day.”
Analysts await Hyatt Hotels Corporation (NYSE:H) to report earnings on February, 16. They expect $0.24 EPS, up 14.29% or $0.03 from last year’s $0.21 per share. H’s profit will be $31.15M for 55.05 P/E if the $0.24 EPS becomes a reality. After $0.47 actual EPS reported by Hyatt Hotels Corporation for the previous quarter, Wall Street now forecasts -48.94% negative EPS growth.
More recent Hyatt Hotels Corporation (NYSE:H) news were published by: Fool.com which released: “Hyatt Hotels Corporation Boosts Profits With Help From Its High-End Properties” on November 03, 2016. Also Businesswire.com published the news titled: “Hyatt Announces Webcast of Investor Day on November 22” on November 15, 2016. Businesswire.com‘s news article titled: “Second Hyatt Place Hotel Set to Open in the United Kingdom” with publication date: November 14, 2016 was also an interesting one.
Hyatt Hotels Corporation, incorporated on August 4, 2004, is a global hospitality company. The Firm 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. The Firm operates through four divisions: Owned and leased hotels; Americas management and franchising; Southeast Asia, China, Australia, South Korea and Japan (ASPAC) management and franchising, and Europe, Africa, the Middle East and Southwest Asia (EAME/SW Asia) management.
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