The Clsa Americas Weighs in on Hyatt Hotels Corp.’s FY2016 Earnings (H)

The Clsa Americas Weighs in on Hyatt Hotels Corp.’s FY2016 Earnings (H)

Hyatt Hotels Corp. (NYSE:H) – Equities research analysts at Clsa Americas boosted their FY2016 EPS estimates for shares of Hyatt Hotels Corp. in a research note issued to investors on Wednesday. Clsa Americas analyst J. Oh now forecasts that the brokerage will earn $1.49 per share for the year, up from their prior estimate of $1.40. Clsa Americas also issued estimates for Hyatt Hotels Corp.’s FY2018 earnings at $1.81 EPS.

H has been the subject of several other research reports. Zacks Investment Research raised Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. Vetr lowered Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 price target for the company. in a research report on Thursday, August 25th. Morgan Stanley lowered Hyatt Hotels Corp. from an “equal weight” rating to an “underweight” rating and set a $46.00 price target for the company. in a research report on Monday, September 26th. Goldman Sachs Group Inc. initiated coverage on Hyatt Hotels Corp. in a research report on Monday, September 26th. They issued a “neutral” rating and a $50.00 price target for the company. Finally, Nomura lowered Hyatt Hotels Corp. from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 25th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $51.29.

Shares of Hyatt Hotels Corp. (NYSE:H) opened at 54.03 on Monday. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82. The company has a 50-day moving average price of $51.31 and a 200-day moving average price of $50.41. The company has a market capitalization of $7.07 billion, a PE ratio of 36.78 and a beta of 1.41.

Hyatt Hotels Corp. (NYSE:H) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.18. Hyatt Hotels Corp. had a return on equity of 5.33% and a net margin of 4.49%. During the same period in the previous year, the company posted $0.30 EPS.

In related news, major shareholder Gregory Boyd Penner sold 130,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $52.41, for a total value of $6,813,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 25.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its position in Hyatt Hotels Corp. by 16.2% in the third quarter. Morgan Stanley now owns 1,495,979 shares of the company’s stock worth $73,632,000 after buying an additional 208,010 shares in the last quarter. UBS Group AG boosted its position in Hyatt Hotels Corp. by 13.2% in the third quarter. UBS Group AG now owns 887,882 shares of the company’s stock worth $43,701,000 after buying an additional 103,727 shares in the last quarter. Wells Fargo & Company MN boosted its position in Hyatt Hotels Corp. by 1,304.3% in the third quarter. Wells Fargo & Company MN now owns 646,910 shares of the company’s stock worth $31,842,000 after buying an additional 600,842 shares in the last quarter. Mason Capital Management LLC acquired a new position in Hyatt Hotels Corp. during the third quarter worth approximately $27,924,000. Finally, GRS Advisors LLC boosted its position in Hyatt Hotels Corp. by 2.5% in the second quarter. GRS Advisors LLC now owns 289,400 shares of the company’s stock worth $14,221,000 after buying an additional 7,000 shares in the last quarter. 18.82% of the stock is currently owned by institutional investors.

About Hyatt Hotels Corp.

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