Rhumbline Advisers increased its position in shares of Hyatt Hotels Co. (NYSE:H) by 18.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,057 shares of the company’s stock after purchasing an additional 6,470 shares during the period. Rhumbline Advisers’ holdings in Hyatt Hotels were worth $2,537,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in H. Teachers Advisors LLC boosted its stake in shares of Hyatt Hotels by 18.4% during the 1st quarter. Teachers Advisors LLC now owns 36,746 shares of the company’s stock worth $1,984,000 after purchasing an additional 5,700 shares during the period. Dimensional Fund Advisors LP boosted its position in Hyatt Hotels by 38.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 303,583 shares of the company’s stock valued at $16,386,000 after buying an additional 83,936 shares during the period. Cigna Investments Inc. New purchased a new stake in Hyatt Hotels in the 2nd quarter valued at about $477,000. Trexquant Investment LP purchased a new stake in Hyatt Hotels in the 2nd quarter valued at about $422,000. Finally, Canada Pension Plan Investment Board boosted its position in Hyatt Hotels by 3.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 321,245 shares of the company’s stock valued at $18,057,000 after buying an additional 9,800 shares during the period. 38.83% of the stock is owned by hedge funds and other institutional investors.
Hyatt Hotels Co. (NYSE:H) traded up $0.67 during trading hours on Monday, hitting $72.29. 475,300 shares of the stock traded hands, compared to its average volume of 760,873. Hyatt Hotels Co. has a twelve month low of $50.21 and a twelve 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. The company has a market cap of $8,594.92, a price-to-earnings ratio of 40.16, a P/E/G ratio of 10.28 and a beta of 1.25.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.17 by $0.09. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business posted $0.47 EPS. sell-side analysts expect that Hyatt Hotels Co. will post 1.73 EPS for the current fiscal year.
Several research firms have issued reports on H. MKM Partners raised shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Thursday. Berenberg Bank raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and boosted their price objective for the company from $69.20 to $78.00 in a research report on Friday, November 10th. Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $61.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, November 6th. B. Riley cut shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Monday, November 6th. Finally, Wells Fargo & Company upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $69.40.
In related news, insider Rena Hozore Reiss sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $61.43, for a total transaction of $245,720.00. Following the completion of the transaction, the insider now owns 30,881 shares in the company, valued at approximately $1,897,019.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen G. Haggerty sold 46,869 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $61.77, for a total transaction of $2,895,098.13. Following the transaction, the insider now owns 32,125 shares of the company’s stock, valued at approximately $1,984,361.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,000,001 shares of company stock valued at $68,120,268. Company insiders own 27.51% of the company’s stock.
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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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