Short Interest in Hyatt Hotels Co. (NYSE:H) Rises By 12.1%

Hyatt Hotels Co. (NYSE:H) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 3,643,400 shares, a growth of 12.1% from the May 15th total of 3,250,600 shares. Approximately 9.7% of the company’s shares are sold short. Based on an average daily trading volume, of 475,000 shares, the short-interest ratio is currently 7.7 days.

NYSE H traded down $0.87 during trading hours on Friday, reaching $77.53. 441,614 shares of the stock traded hands, compared to its average volume of 499,290. The firm has a market cap of $8.26 billion, a P/E ratio of 39.16, a price-to-earnings-growth ratio of 9.80 and a beta of 1.06. The firm has a 50 day moving average price of $75.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.17 and a current ratio of 1.18. Hyatt Hotels has a 1 year low of $63.45 and a 1 year high of $82.88.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.24. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.13 billion. Hyatt Hotels had a return on equity of 6.37% and a net margin of 9.18%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, equities research analysts expect that Hyatt Hotels will post 1.48 earnings per share for the current fiscal year.

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,934 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $77.67, for a total value of $150,213.78. Following the sale, the director now owns 37,497 shares in the company, valued at approximately $2,912,391.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider H. Charles Floyd sold 6,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $78.00, for a total value of $507,000.00. Following the completion of the sale, the insider now owns 41,475 shares in the company, valued at approximately $3,235,050. The disclosure for this sale can be found here. Insiders sold a total of 17,096 shares of company stock worth $1,325,250 in the last quarter. Corporate insiders own 24.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Long Pond Capital LP increased its holdings in Hyatt Hotels by 215.6% during the 1st quarter. Long Pond Capital LP now owns 2,486,840 shares of the company’s stock valued at $180,470,000 after purchasing an additional 1,698,840 shares during the period. Norges Bank bought a new stake in Hyatt Hotels during the 4th quarter valued at approximately $38,187,000. Two Sigma Investments LP boosted its position in Hyatt Hotels by 217.1% during the 4th quarter. Two Sigma Investments LP now owns 665,502 shares of the company’s stock valued at $44,988,000 after acquiring an additional 455,610 shares in the last quarter. Marshall Wace LLP boosted its position in Hyatt Hotels by 3,634.7% during the 1st quarter. Marshall Wace LLP now owns 357,826 shares of the company’s stock valued at $25,967,000 after acquiring an additional 348,245 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Hyatt Hotels by 74.8% during the 4th quarter. Two Sigma Advisers LP now owns 707,882 shares of the company’s stock valued at $47,853,000 after acquiring an additional 303,000 shares in the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Several equities research analysts recently commented on the company. Wells Fargo & Co restated a “hold” rating and set a $70.00 target price on shares of Church & Dwight in a research report on Thursday, May 2nd. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine upgraded William Lyon Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley set a $111.00 target price on Procter & Gamble and gave the company a “buy” rating in a research report on Thursday, March 28th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $79.37.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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