Verition Fund Management LLC Buys New Position in Hyatt Hotels Co. (NYSE:H)

Verition Fund Management LLC bought a new stake in Hyatt Hotels Co. (NYSE:HGet Rating) during the 1st quarter, Holdings Channel.com reports. The firm bought 10,399 shares of the company’s stock, valued at approximately $993,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Citigroup Inc. lifted its stake in Hyatt Hotels by 18.8% in the fourth quarter. Citigroup Inc. now owns 16,671 shares of the company’s stock valued at $1,599,000 after buying an additional 2,642 shares during the period. Rhumbline Advisers lifted its stake in Hyatt Hotels by 19.2% in the fourth quarter. Rhumbline Advisers now owns 45,974 shares of the company’s stock valued at $4,409,000 after buying an additional 7,410 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Hyatt Hotels by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 433,343 shares of the company’s stock valued at $41,558,000 after buying an additional 25,233 shares during the period. Geode Capital Management LLC lifted its stake in Hyatt Hotels by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 619,594 shares of the company’s stock valued at $59,419,000 after buying an additional 29,788 shares during the period. Finally, Invesco Ltd. lifted its stake in Hyatt Hotels by 657.8% in the fourth quarter. Invesco Ltd. now owns 485,427 shares of the company’s stock valued at $46,553,000 after buying an additional 421,367 shares during the period. 46.21% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Down 4.5 %

Shares of NYSE:H opened at $85.26 on Thursday. The company has a market capitalization of $9.40 billion, a PE ratio of 41.19 and a beta of 1.37. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.20 and a quick ratio of 1.20. The business has a fifty day moving average price of $87.40 and a two-hundred day moving average price of $87.00. Hyatt Hotels Co. has a 1 year low of $70.12 and a 1 year high of $108.10.

Hyatt Hotels (NYSE:HGet Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.47. Hyatt Hotels had a negative return on equity of 1.40% and a net margin of 4.78%. During the same period in the prior year, the firm posted ($1.15) earnings per share. Analysts forecast that Hyatt Hotels Co. will post 0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

H has been the topic of a number of research reports. Berenberg Bank raised Hyatt Hotels from a “hold” rating to a “buy” rating and upped their target price for the stock from $85.00 to $105.00 in a research report on Thursday, September 15th. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Robert W. Baird upped their target price on Hyatt Hotels from $94.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 24th. Evercore ISI lowered their target price on Hyatt Hotels from $110.00 to $100.00 and set an “in-line” rating on the stock in a research report on Monday, July 11th. Finally, Barclays began coverage on Hyatt Hotels in a research report on Tuesday, June 28th. They set an “overweight” rating and a $103.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.38.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 43,418 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $90.42, for a total transaction of $3,925,855.56. Following the completion of the transaction, the insider now owns 436,951 shares in the company, valued at approximately $39,509,109.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 21.24% of the company’s stock.

Hyatt Hotels Company Profile

(Get Rating)

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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