First Trust Advisors LP cut its holdings in Hyatt Hotels Co. (NYSE:H) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,751 shares of the company’s stock after selling 10,261 shares during the period. First Trust Advisors LP owned 0.12% of Hyatt Hotels worth $3,568,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of Hyatt Hotels during the 2nd quarter valued at approximately $101,000. James Investment Research Inc. bought a new position in shares of Hyatt Hotels during the 2nd quarter valued at approximately $151,000. Federated Investors Inc. PA bought a new position in Hyatt Hotels in the 2nd quarter valued at $216,000. The Manufacturers Life Insurance Company grew its position in Hyatt Hotels by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after acquiring an additional 272 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Hyatt Hotels in the 2nd quarter valued at $232,000. 38.83% of the stock is currently owned by institutional investors and hedge funds.
In other Hyatt Hotels news, insider Rena Hozore Reiss sold 4,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $61.43, for a total transaction of $245,720.00. Following the completion of the sale, the insider now owns 30,881 shares of the company’s stock, valued at $1,897,019.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter Sears sold 9,059 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $59.29, for a total value of $537,108.11. Following the sale, 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. Over the last three months, insiders sold 967,851 shares of company stock worth $65,611,726. 27.51% of the stock is owned by corporate insiders.
Hyatt Hotels Co. (NYSE H) traded down $0.40 during trading on Tuesday, reaching $72.20. The company had a trading volume of 751,193 shares, compared to its average volume of 762,729. The firm has a market capitalization of $8,615.13, a price-to-earnings ratio of 40.26, a price-to-earnings-growth ratio of 10.31 and a beta of 1.25. Hyatt Hotels Co. has a 12-month low of $50.21 and a 12-month high of $73.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.06.
Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. Hyatt Hotels had a return on equity of 6.13% and a net margin of 4.66%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $0.47 earnings per share. sell-side analysts anticipate that Hyatt Hotels Co. will post 1.73 earnings per share for the current fiscal year.
H has been the subject of several research reports. Deutsche Bank reiterated a “hold” rating and issued a $60.00 target price (up from $59.00) on shares of Hyatt Hotels in a report on Wednesday, August 9th. FBR & Co restated an “outperform” rating and set a $66.00 price objective (up from $63.00) on shares of Hyatt Hotels in a research note on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and set a $68.00 price objective on shares of Hyatt Hotels in a research note on Friday, September 8th. SunTrust Banks restated a “hold” rating and set a $61.00 price objective on shares of Hyatt Hotels in a research note on Tuesday, October 17th. Finally, Morgan Stanley upped their price objective on Hyatt Hotels from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.50.
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Hyatt Hotels 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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