In a recent transaction, an insider at Hyatt Hotels Corp (NYSE:H) has sold a significant amount of Class B common stock, according to a new SEC filing. The transactions, which occurred on April 24 and 25, involved the sale of a total of 37,229 shares of Class B common stock at prices ranging from $150.00 to $155.42.
The largest single sale was made on April 25, with 26,000 shares sold at $150.00 per share, totaling $3.9 million. On April 24, sales included 6,537 shares at a weighted average price of $151.78, 177 shares at $152.69, 1,987 shares at $153.73, 2,326 shares at $154.77, and 202 shares at $155.20. These transactions were executed within price ranges, with the highest sale price reaching $155.42 and the lowest at $151.31.
Following these sales, the reporting entity, ACPS P.G. Trust, retains 246,793 shares of Class A common stock, which are the underlying securities convertible from the sold Class B shares. The trust may be considered a member of a 10% owner group due to certain voting agreements and limitations on transfers of stock but disclaims beneficial ownership of the securities except to the extent of its pecuniary interest.
Investors often monitor insider transactions as they can provide insights into the company's performance and insiders' views on the stock's value. The details of these transactions are publicly disclosed to ensure transparency and provide investors with critical information for making informed decisions.
InvestingPro Insights
Hyatt Hotels Corp's (NYSE:H) recent insider stock sale comes at a time when the company's financial metrics and market performance are of particular interest to investors. According to InvestingPro data, Hyatt has a market capitalization of $15.33 billion and has shown a notable gross profit margin of 66.91% over the last twelve months as of Q4 2023. This impressive margin may signal strong operational efficiency within the company. However, the company's P/E ratio stands at a high 72.18, with an adjusted P/E ratio for the same period climbing even higher to 89.81, suggesting a premium valuation compared to earnings.
InvestingPro Tips highlight that Hyatt is trading at a high Price / Book multiple of 4.31, which could indicate that the stock is valued richly in terms of its net asset value. Additionally, the company has experienced a large price uptick of 50.82% over the last six months, which could be a contributing factor to the insider's decision to sell shares. Investors looking for further insights into Hyatt's stock performance and valuation can find additional tips on InvestingPro, including analysis on whether the company's short-term obligations exceed its liquid assets, which is an important consideration for assessing financial stability.
For those interested in a deeper dive into Hyatt Hotels Corp's financials and market performance, InvestingPro offers a comprehensive set of tools and additional tips. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and get access to over 10 additional InvestingPro Tips that could help inform your investment decisions.
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