November 24, 2016 - By Michael Collier
Shareholder, Gregory Penner is the Hyatt Hotels Corp’s insider that made a sale of shares of Hyatt Hotels Corp, 90,000 to be exact. The insider shares were based on a stock price per share of $53.0, with Gregory Penner’s transaction worth approx. $4,768,830 U.S. Dollars. In the last 30 days, he also sold 989,753 shares with value $52,622,378 USD. Due to the size of the sell there is little chance that it will stay unseen. Gregory Penner now holds 9.19 million shares or 7.12% 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 0.96% above today’s ($52.99) stock price. Hyatt Hotels has been the topic of 42 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Hyatt Hotels Corporation (NYSE:H) earned “Hold” rating by Deutsche Bank on Wednesday, November 4. Telsey Advisory Group maintained Hyatt Hotels Corporation (NYSE:H) rating on Friday, February 19. Telsey Advisory Group has “Market Perform” rating and $49 price target. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, January 26 report. The company was downgraded on Friday, January 15 by Goldman Sachs. The firm has “Market Perform” rating given on Tuesday, June 14 by Wells Fargo. The firm has “Underweight” rating given on Monday, September 26 by Morgan Stanley. The company was upgraded on Wednesday, February 3 by Wells Fargo. The stock of Hyatt Hotels Corporation (NYSE:H) has “Sell” rating given on Wednesday, May 4 by M Partners. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, July 19. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, August 5 report.
Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.41, from 0.61 in 2016Q1. The ratio is positive, 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.
California Pub Employees Retirement System has 0.01% invested in the company for 116,791 shares. Grs Advsr Ltd Co accumulated 289,400 shares or 3.97% of the stock. Wells Fargo And Mn owns 46,068 shares or 0% of their US portfolio. Alliancebernstein Lp reported 26,912 shares or 0% of all its holdings. Ig Inv Mngmt reported 8,547 shares or 0% of all its holdings. Grp Incorporated One Trading Limited Partnership has 6,576 shares for 0% of their US portfolio. Ent Finance Svcs Corporation holds 47 shares or 0% of its portfolio. Automobile Association accumulated 25,400 shares or 0% of the stock. Morgan Stanley last reported 0.02% of its portfolio in the stock. California State Teachers Retirement Sys last reported 51,809 shares in the company. Blackrock Fund Advsr accumulated 0% or 232,601 shares. Moreover, Utah Retirement Systems has 0.01% invested in Hyatt Hotels Corporation (NYSE:H) for 4,286 shares. Ahl Ptnrs Ltd Liability Partnership, a United Kingdom-based fund reported 22,323 shares. Engineers Gate Manager Limited Partnership holds 38,873 shares or 0.14% of its portfolio. Rhumbline Advisers has invested 0% of its portfolio in Hyatt Hotels Corporation (NYSE:H).
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 20 sales for $86.14 million net activity. Penner Gregory Boyd had sold 68,000 shares worth $3.62 million. Madrone GHC – LLC sold $2.37 million worth of Hyatt Hotels Corporation (NYSE:H) on Tuesday, November 15. Shares for $383,767 were sold by Udell David on Friday, August 5. $107,000 worth of Hyatt Hotels Corporation (NYSE:H) shares were sold by Reiss Rena Hozore.
The stock decreased 1.27% or $0.68 on November 23, hitting $52.99. About 864,270 shares traded hands or 86.87% up from the average. Hyatt Hotels Corporation (NYSE:H) has risen 13.96% since April 22, 2016 and is uptrending. It has outperformed by 8.55% the S&P500.
Hyatt Hotels Corporation is a global hospitality company. The company has a market cap of $6.87 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 35.83 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 $31.12M for 55.20 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 news for Hyatt Hotels Corporation (NYSE:H) were recently published by: Fool.com, which released: “Hyatt Hotels Corporation Boosts Profits With Help From Its High-End Properties” on November 03, 2016. Businesswire.com‘s article titled: “Hyatt Announces Webcast of Investor Day on November 22” and published on November 15, 2016 is yet another important article.
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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