IFM Investors Pty Ltd purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,487 shares of the company’s stock, valued at approximately $1,077,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System acquired a new position in Hyatt Hotels during the 1st quarter valued at $1,725,000. Fifth Third Wealth Advisors LLC grew its position in Hyatt Hotels by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after purchasing an additional 60 shares during the last quarter. OP Asset Management Ltd bought a new position in shares of Hyatt Hotels during the 1st quarter worth about $655,000. E. Ohman J or Asset Management AB acquired a new position in shares of Hyatt Hotels during the first quarter valued at about $115,000. Finally, Hsbc Holdings PLC lifted its stake in shares of Hyatt Hotels by 598.1% in the fourth quarter. Hsbc Holdings PLC now owns 74,659 shares of the company’s stock valued at $12,005,000 after buying an additional 63,965 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Susquehanna decreased their target price on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Truist Financial raised their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Robert W. Baird lifted their price objective on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Sanford C. Bernstein upped their target price on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. raised their target price on Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.36.
Insider Activity
In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the transaction, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of Hyatt Hotels stock in a transaction on Friday, May 29th. The shares were sold at an average price of $185.66, for a total value of $1,896,888.22. Following the transaction, the insider directly owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 236,658 shares of company stock valued at $39,977,159. 23.60% of the stock is owned by company insiders.
Hyatt Hotels Stock Down 0.1%
Shares of H opened at $191.00 on Monday. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of -545.71 and a beta of 1.32. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. Hyatt Hotels Corporation has a 12 month low of $133.51 and a 12 month high of $206.86. The company has a 50-day moving average price of $182.31 and a two-hundred day moving average price of $167.46.
Hyatt Hotels (NYSE:H – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $0.46 earnings per share. Equities analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current fiscal year.
About Hyatt Hotels
Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt’s business model combines property ownership, management contracts and third-party franchising.
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