First Trust Advisors LP Has $3.57 Million Holdings in Hyatt Hotels Corporation (H)

First Trust Advisors LP reduced its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 15.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,751 shares of the company’s stock after selling 10,261 shares during the period. First Trust Advisors LP owned approximately 0.12% of Hyatt Hotels Corporation worth $3,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Marshall Wace North America L.P. boosted its stake in shares of Hyatt Hotels Corporation by 35.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 952,368 shares of the company’s stock worth $53,333,000 after acquiring an additional 251,253 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Hyatt Hotels Corporation during the 2nd quarter worth about $37,099,000. Balyasny Asset Management LLC boosted its stake in shares of Hyatt Hotels Corporation by 12.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 639,471 shares of the company’s stock worth $35,945,000 after acquiring an additional 72,202 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Hyatt Hotels Corporation by 485.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 624,966 shares of the company’s stock worth $35,129,000 after acquiring an additional 518,164 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Hyatt Hotels Corporation by 14.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 501,089 shares of the company’s stock worth $28,167,000 after acquiring an additional 65,031 shares in the last quarter. 32.30% of the stock is currently owned by institutional investors.

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Shares of Hyatt Hotels Corporation (H) opened at $69.88 on Monday. The stock has a market cap of $8,430.88, a P/E ratio of 38.82, a PEG ratio of 9.94 and a beta of 1.20. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. Hyatt Hotels Corporation has a 1-year low of $50.21 and a 1-year high of $70.95.

Hyatt Hotels Corporation (NYSE:H) last posted its earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Hyatt Hotels Corporation had a net margin of 4.66% and a return on equity of 6.13%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.47 EPS. research analysts forecast that Hyatt Hotels Corporation will post 1.73 earnings per share for the current fiscal year.

Several research firms have recently issued reports on H. Robert W. Baird reissued a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels Corporation in a research note on Friday, September 8th. Stifel Nicolaus raised their price target on shares of Hyatt Hotels Corporation from $61.00 to $67.00 and gave the company a “hold” rating in a research note on Monday, November 6th. Morgan Stanley raised their price target on shares of Hyatt Hotels Corporation from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. FBR & Co reaffirmed an “outperform” rating and issued a $66.00 price target (up from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $60.00 price target (up from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $66.50.

In other Hyatt Hotels Corporation news, insider Elsinore Trust sold 111,003 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $69.56, for a total value of $7,721,368.68. Following the completion of the transaction, the insider now owns 40,878 shares of the company’s stock, valued at approximately $2,843,473.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Sears sold 9,059 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $59.29, for a total transaction of $537,108.11. Following the completion of the transaction, the insider now directly owns 8,292 shares of the company’s stock, valued at approximately $491,632.68. The disclosure for this sale can be found here. Insiders sold a total of 353,488 shares of company stock valued at $22,605,712 in the last quarter. 27.51% of the stock is owned by insiders.

Hyatt Hotels Corporation 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).

Institutional Ownership by Quarter for Hyatt Hotels Corporation (NYSE:H)

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