Raymond James & Associates increased its stake in shares of Hyatt Hotels Co. (NYSE:H – Get Rating) by 1.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 22,707 shares of the company’s stock after acquiring an additional 383 shares during the period. Raymond James & Associates’ holdings in Hyatt Hotels were worth $1,838,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of H. Kestra Private Wealth Services LLC increased its position in shares of Hyatt Hotels by 3.7% during the second quarter. Kestra Private Wealth Services LLC now owns 4,932 shares of the company’s stock worth $365,000 after acquiring an additional 178 shares during the last quarter. M&T Bank Corp raised its position in shares of Hyatt Hotels by 6.7% in the 2nd quarter. M&T Bank Corp now owns 3,152 shares of the company’s stock valued at $222,000 after purchasing an additional 198 shares in the last quarter. Landscape Capital Management L.L.C. grew its position in shares of Hyatt Hotels by 2.7% during the second quarter. Landscape Capital Management L.L.C. now owns 7,859 shares of the company’s stock worth $581,000 after buying an additional 206 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Hyatt Hotels by 1.5% in the second quarter. Russell Investments Group Ltd. now owns 14,622 shares of the company’s stock worth $1,080,000 after buying an additional 210 shares during the last quarter. Finally, CWM LLC raised its holdings in Hyatt Hotels by 59.3% in the second quarter. CWM LLC now owns 567 shares of the company’s stock valued at $42,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 46.89% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on H shares. Wells Fargo & Company raised their price objective on shares of Hyatt Hotels to $111.00 in a report on Wednesday, December 14th. Barclays boosted their price objective on Hyatt Hotels from $111.00 to $113.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com assumed coverage on Hyatt Hotels in a report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet downgraded Hyatt Hotels from a “b-” rating to a “c” rating in a report on Wednesday, December 21st. Finally, Morgan Stanley raised their price objective on Hyatt Hotels from $136.00 to $138.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.50.
Hyatt Hotels Price Performance
Hyatt Hotels (NYSE:H – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.31 by $0.33. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. Hyatt Hotels had a net margin of 2.45% and a negative return on equity of 6.19%. On average, research analysts forecast that Hyatt Hotels Co. will post 1.07 earnings per share for the current year.
Insider Buying and Selling at Hyatt Hotels
In related news, insider Mark R. Vondrasek sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $100.73, for a total value of $45,328.50. Following the sale, the insider now directly owns 5,317 shares in the company, valued at approximately $535,581.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 21.24% of the stock is owned by company insiders.
Hyatt Hotels Profile
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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