Hyatt Hotels Co. (NYSE:H) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Hyatt Hotels Co. (NYSE:HFree Report) by 11.8% in the third quarter, HoldingsChannel reports. The firm owned 150,500 shares of the company’s stock after selling 20,200 shares during the period. Swiss National Bank’s holdings in Hyatt Hotels were worth $15,965,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Hyatt Hotels by 0.5% in the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock valued at $239,367,000 after buying an additional 11,041 shares during the last quarter. Cadian Capital Management LP lifted its position in Hyatt Hotels by 157.8% in the second quarter. Cadian Capital Management LP now owns 580,000 shares of the company’s stock valued at $66,456,000 after buying an additional 355,000 shares during the last quarter. New York Life Investment Management LLC lifted its position in Hyatt Hotels by 34.2% in the third quarter. New York Life Investment Management LLC now owns 8,055 shares of the company’s stock valued at $854,000 after buying an additional 2,051 shares during the last quarter. Quantbot Technologies LP acquired a new position in Hyatt Hotels in the third quarter valued at about $1,035,000. Finally, Handelsbanken Fonder AB lifted its position in Hyatt Hotels by 15.1% in the third quarter. Handelsbanken Fonder AB now owns 457,500 shares of the company’s stock valued at $48,532,000 after buying an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 46.03% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $130.48 on Friday. The firm has a market capitalization of $13.46 billion, a P/E ratio of 29.13, a P/E/G ratio of 20.31 and a beta of 1.46. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $133.62. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $128.60 and its two-hundred day moving average is $116.59.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. HSBC initiated coverage on shares of Hyatt Hotels in a research report on Monday, October 23rd. They issued a “buy” rating and a $133.00 target price on the stock. TheStreet raised shares of Hyatt Hotels from a “c+” rating to a “b-” rating in a research report on Thursday, December 14th. Morgan Stanley reduced their price target on shares of Hyatt Hotels from $138.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 7th. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, Jefferies Financial Group increased their price target on shares of Hyatt Hotels from $104.00 to $127.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $124.14.

Check Out Our Latest Stock Analysis on Hyatt Hotels

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Malaika Myers sold 3,351 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $120.35, for a total value of $403,292.85. Following the transaction, the insider now directly owns 15,956 shares in the company, valued at $1,920,304.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jnp Parachute Mirror Trust L sold 66,701 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $126.21, for a total transaction of $8,418,333.21. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Malaika Myers sold 3,351 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $120.35, for a total transaction of $403,292.85. Following the transaction, the insider now owns 15,956 shares in the company, valued at $1,920,304.60. The disclosure for this sale can be found here. Insiders have sold 78,552 shares of company stock worth $9,918,594 over the last three months. Insiders own 21.24% of the company’s stock.

Hyatt Hotels Profile

(Free Report)

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 and resorts, 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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