Hyatt Hotels Corporation (H) was Downgraded by Morgan Stanley to ” Underweight”. Earlier the firm had a rating of “Equal-Weight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 26, 2016.
Many Wall Street Analysts have commented on Hyatt Hotels Corporation. Hyatt Hotels Corporation was Downgraded by Stifel to ” Hold” on Jul 19, 2016.
On the company’s financial health, Hyatt Hotels Corporation reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.46.Analysts expectations of $ 1165.40.During the same quarter in the previous year, the company posted $0.28 EPS.
Hyatt Hotels Corporation opened for trading at $51.09 and hit $51.84 on the upside on Thursday, eventually ending the session at $51.35, with a gain of 1.10% or 0.56 points. The heightened volatility saw the trading volume jump to 3,46,345 shares. Company has a market cap of $6,831 M.
In a different news, on Aug 18, 2016, Rena Hozore Reiss (officer ) sold 2,000 shares at $53.50 per share price. According to the SEC, on Aug 8, 2016, David Udell (officer ) sold 7,344 shares at $52.41 per share price. On May 13, 2016, Bradley O’bryan (officer ) sold 700 shares at $49.09 per share price, according to the Form-4 filing with the securities and exchange commission.
Hyatt Hotels Corporation is a hospitality company. The Company 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 Companys portfolio consists of approximately 587 properties (155265 rooms and units). The Companys service hotels and resorts operate under five brands which include Park Hyatt Andaz Hyatt Grand Hyatt and Hyatt Regency. The Companys two select service brands are Hyatt Place and Hyatt House. The Company has four operating segments: 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.