Shell Asset Management Co. Sells 738 Shares of Hyatt Hotels Co. (NYSE:H)

Shell Asset Management Co. lowered its position in Hyatt Hotels Co. (NYSE:HGet Rating) by 12.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,991 shares of the company’s stock after selling 738 shares during the quarter. Shell Asset Management Co.’s holdings in Hyatt Hotels were worth $476,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Millennium Management LLC lifted its position in shares of Hyatt Hotels by 6,188.6% in the 4th quarter. Millennium Management LLC now owns 726,589 shares of the company’s stock worth $69,680,000 after acquiring an additional 715,035 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Hyatt Hotels by 35.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 696,436 shares of the company’s stock worth $66,787,000 after buying an additional 180,896 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hyatt Hotels by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 619,594 shares of the company’s stock worth $59,419,000 after buying an additional 29,788 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Hyatt Hotels by 36.1% in the 4th quarter. Point72 Asset Management L.P. now owns 569,900 shares of the company’s stock worth $54,653,000 after buying an additional 151,300 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Hyatt Hotels by 20.4% in the 4th quarter. New York State Common Retirement Fund now owns 553,488 shares of the company’s stock worth $53,079,000 after buying an additional 93,756 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

Hyatt Hotels Stock Up 1.5 %

NYSE:H opened at $84.64 on Thursday. The stock’s fifty day simple moving average is $80.46 and its 200-day simple moving average is $88.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $9.34 billion, a P/E ratio of 604.61 and a beta of 1.41. Hyatt Hotels Co. has a 12-month low of $67.70 and a 12-month high of $108.10.

Hyatt Hotels (NYSE:HGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.08. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.11 billion. Hyatt Hotels had a negative return on equity of 6.42% and a net margin of 0.23%. During the same period in the previous year, the company posted ($3.57) earnings per share. Equities research analysts expect that Hyatt Hotels Co. will post -0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Berenberg Bank raised Hyatt Hotels from a “sell” rating to a “hold” rating and raised their price target for the company from $80.00 to $85.00 in a report on Monday, May 16th. Barclays assumed coverage on Hyatt Hotels in a report on Tuesday, June 28th. They set an “overweight” rating and a $103.00 price target for the company. Evercore ISI dropped their price target on Hyatt Hotels from $110.00 to $100.00 and set an “in-line” rating for the company in a report on Monday, July 11th. Finally, Truist Financial raised their price target on Hyatt Hotels from $111.00 to $121.00 and gave the company a “na” rating in a report on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.21.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 7,141 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $94.16, for a total transaction of $672,396.56. Following the transaction, the insider now directly owns 5,767 shares in the company, valued at $543,020.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Hyatt Hotels news, insider Mark R. Vondrasek sold 7,141 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $94.16, for a total value of $672,396.56. Following the sale, the insider now owns 5,767 shares of the company’s stock, valued at approximately $543,020.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan D. Kronick sold 1,993 shares of Hyatt Hotels stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $83.26, for a total value of $165,937.18. Following the completion of the sale, the director now directly owns 39,527 shares in the company, valued at approximately $3,291,018.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,480 shares of company stock worth $1,301,518. Corporate insiders own 21.24% of the company’s stock.

About Hyatt Hotels

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Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

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

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