Wellington Management Group LLP raised its stake in Hyatt Hotels Corporation (NYSE:H) by 8.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,657,114 shares of the company’s stock after buying an additional 129,225 shares during the period. Wellington Management Group LLP owned 1.27% of Hyatt Hotels Corporation worth $89,451,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in Hyatt Hotels Corporation by 11.2% in the first quarter. Pacer Advisors Inc. now owns 5,070 shares of the company’s stock worth $274,000 after buying an additional 512 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Hyatt Hotels Corporation by 23.6% in the first quarter. UBS Asset Management Americas Inc. now owns 5,070 shares of the company’s stock valued at $274,000 after buying an additional 967 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels Corporation by 14.4% in the first quarter. Principal Financial Group Inc. now owns 7,956 shares of the company’s stock valued at $429,000 after buying an additional 1,002 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Hyatt Hotels Corporation during the fourth quarter valued at approximately $193,000. Finally, Teachers Advisors LLC increased its stake in Hyatt Hotels Corporation by 14.5% in the fourth quarter. Teachers Advisors LLC now owns 31,046 shares of the company’s stock worth $1,716,000 after buying an additional 3,934 shares in the last quarter. Institutional investors and hedge funds own 30.98% of the company’s stock.
Shares of Hyatt Hotels Corporation (NYSE:H) traded down 1.07% during midday trading on Tuesday, hitting $57.27. 572,049 shares of the stock were exchanged. The firm has a 50-day moving average price of $57.54 and a 200-day moving average price of $55.29. The company has a market cap of $7.19 billion, a PE ratio of 31.62 and a beta of 1.25. Hyatt Hotels Corporation has a 12-month low of $45.12 and a 12-month high of $59.30.
Hyatt Hotels Corporation (NYSE:H) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.49. Hyatt Hotels Corporation had a net margin of 5.30% and a return on equity of 7.25%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.25 EPS. On average, equities analysts predict that Hyatt Hotels Corporation will post $1.43 EPS for the current year.
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H has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. FBR & Co reiterated a “buy” rating on shares of Hyatt Hotels Corporation in a report on Monday, May 15th. Citigroup Inc. reiterated a “neutral” rating on shares of Hyatt Hotels Corporation in a report on Thursday, May 11th. Guggenheim initiated coverage on Hyatt Hotels Corporation in a research note on Wednesday, April 26th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised Hyatt Hotels Corporation from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $53.87.
In related news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $57.53, for a total transaction of $230,120,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider H. Charles Floyd sold 15,000 shares of Hyatt Hotels Corporation stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $58.00, for a total transaction of $870,000.00. Following the completion of the sale, the insider now owns 64,263 shares of the company’s stock, valued at $3,727,254. The disclosure for this sale can be found here. Insiders have sold a total of 4,072,240 shares of company stock worth $234,307,411 over the last 90 days. 25.50% of the stock is owned by insiders.
Hyatt Hotels Corporation Company Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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