November 29, 2016 - By Linda Rogers
The shareholder of Hyatt Hotels Corp, Gregory Penner has made a sudden deal in the firm that is amounting to $2,930,131 U.S Dollars. As announced in the Security and Exchange Commission public report filed on 29-11-2016, Gregory unloaded 55,000 shares based on an average market stock price per share of $53.3. He also sold 1,165,091 shares worth $61,995,663 USD in the last month. This sell was pretty big one, so clearly it won’t go disregarded. Presently, he holds 9.05 million shares or around 6.87% of Hyatt Hotels Corp’s market capitalization.
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 0.58% above today’s ($53.19) stock price. Hyatt Hotels has been the topic of 42 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Wednesday, November 2, the company rating was downgraded by CLSA. Robert W. Baird maintained the shares of H in a report on Tuesday, February 23 with “Outperform” rating. On Thursday, January 14 the stock rating was downgraded by M Partners to “Sell”. On Tuesday, December 8 the stock rating was initiated by Berenberg with “Buy”. The firm has “Neutral” rating by Bank of America given on Thursday, May 19. The rating was initiated by Goldman Sachs with “Neutral” on Monday, September 26. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, February 19. Wells Fargo downgraded Hyatt Hotels Corporation (NYSE:H) on Tuesday, June 14 to “Market Perform” rating. The rating was initiated by Telsey Advisory Group with “Market Perform” on Monday, January 4. The stock of Hyatt Hotels Corporation (NYSE:H) earned “Equal-Weight” rating by Morgan Stanley on Thursday, March 17.
Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. 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.
Brandywine Glob Mgmt Limited Co last reported 32,261 shares in the company. Creative Planning holds 49 shares or 0% of its portfolio. Pnc Financial, a Pennsylvania-based fund reported 427 shares. Bokf Na holds 0.01% of its portfolio in Hyatt Hotels Corporation (NYSE:H) for 5,252 shares. Horizon Kinetics Limited Liability Corp accumulated 0.01% or 8,587 shares. Calvert Investment owns 8,417 shares or 0.02% of their US portfolio. Invesco Ltd owns 47,968 shares or 0% of their US portfolio. Us Natl Bank De reported 38 shares or 0% of all its holdings. Glenmede Communication Na has 0% invested in the company for 42 shares. Connable Office has 12,963 shares for 0.18% of their US portfolio. Ig Invest Mgmt Ltd has 8,547 shares for 0% of their US portfolio. The Missouri-based Stifel has invested 0% in Hyatt Hotels Corporation (NYSE:H). Putnam Invs Lc holds 43,364 shares or 0.01% of its portfolio. The New York-based Tower Rech Cap Limited Liability (Trc) has invested 0% in Hyatt Hotels Corporation (NYSE:H). California State Teachers Retirement Sys holds 51,809 shares or 0.01% of its portfolio.
Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 24 sales for $104.88 million net activity. $4.21M worth of shares were sold by Penner Gregory Boyd on Friday, November 18. $2.37M worth of shares were sold by Madrone GHC – LLC on Friday, November 11. The insider Udell David sold $383,767. Shares for $107,000 were sold by Reiss Rena Hozore.
About 215,977 shares traded hands. Hyatt Hotels Corporation (NYSE:H) has risen 12.75% since April 26, 2016 and is uptrending. It has outperformed by 7.49% the S&P500.
Hyatt Hotels Corporation is a global hospitality company. The company has a market cap of $6.80 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 35.96 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 earnings per share, up 14.29% or $0.03 from last year’s $0.21 per share. H’s profit will be $30.70 million for 55.38 P/E if the $0.24 EPS becomes a reality. After $0.47 actual earnings per share 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. Fool.com‘s article titled: “Hyatt Hotels Corporation Boosts Profits, but Lowers Its Outlook” and published on August 02, 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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By Linda Rogers