Is Hyatt Hotels (NYSE:H) Now a Sell? Why did Citigroup Downgrade The Stock?


Hyatt Hotels (NYSE:H) Receives a Downgrade

Citigroup has lowered the rating for shares of Hyatt Hotels (NYSE:H) to a solid “Neutral” in a note sent to clients and investors on Tuesday morning. H’s previous rating by the firm was a “Buy”.

From a total of 17 analysts covering Hyatt Hotels (NYSE:H) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is $68 while the lowest target price is $47. The mean of all analyst targets is $59.53 with a 22.66% above today’s ($47.08) stock price. Hyatt Hotels was the topic of 16 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Berenberg initiated shares on December 8 with “Buy” rating. Brean Capital maintained shares with “Buy” rating and $67 target share price in a report from an August 5. Deutsche Bank maintained H stock in a recent report from November 4 with “Hold” rating. Finally, SunTrust maintained the stock with “Buy” rating in a report issued on an August 5.

Approximately 496,084 shares of stock traded hands. Hyatt Hotels Corporation (NYSE:H) has declined 18.82% since May 12, 2015 and is downtrending. It has underperformed by 15.14% the S&P500.

The overall sentiment of institutions has increased to 0.72 in Q2 2015. Its up 0.16, from 0.56 in 2015Q2. The ratio increased, as 28 institutions have sold all the shares of Hyatt Hotels Corporation that they owned while 61 funds have taken shares off the table. 9 funds have purchased shares for the first time while 55 added to their positions. These institutions now hold 34.24 million shares or 6.71% more than the 32.08 million shares they owned in 2015Q2.

The Fund Csat Investment Advisory L.P. currently is holding shares equating to 4.16% of its total portfolio in Hyatt Hotels Corporation representing a total of 100,602 shares. Another fund,Long Pond Capital Lp, is holding a total of 1.95 million shares equating to 3.99% of their holdings. Additionally, Crystal Rock Capital Management has a 90,350 share stake in Hyatt Hotels Corporation which represents 3.21% of their total portfolio. The Fund, Gruss Capital Management Lp, based out of New York, has also built up a stake in the stock, which represents a total of 2.07% of their total portfolio. Finally Ncm Capital Advisers Inc., a fund which is based in the state of North Carolina reported a total holdings of 13,205 shares.

Hyatt Hotels Corporation is a hospitality company. The company has a market cap of $6.54 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 26.07 P/E ratio. The Company’s portfolio consists of approximately 587 properties .

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.”