HighTower Advisors LLC Increases Stock Position in Hyatt Hotels Co. (NYSE:H)

HighTower Advisors LLC raised its holdings in Hyatt Hotels Co. (NYSE:HFree Report) by 1,480.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,357 shares of the company’s stock after purchasing an additional 113,679 shares during the period. HighTower Advisors LLC’s holdings in Hyatt Hotels were worth $12,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its stake in Hyatt Hotels by 9.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock valued at $282,000 after acquiring an additional 221 shares during the last quarter. AMG National Trust Bank boosted its stake in Hyatt Hotels by 4.5% during the 3rd quarter. AMG National Trust Bank now owns 44,777 shares of the company’s stock valued at $4,750,000 after acquiring an additional 1,939 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hyatt Hotels by 25.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,383 shares of the company’s stock valued at $55,627,000 after acquiring an additional 105,816 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Hyatt Hotels during the 3rd quarter valued at $83,000. Finally, Amalgamated Bank boosted its stake in Hyatt Hotels by 52.6% during the 3rd quarter. Amalgamated Bank now owns 10,816 shares of the company’s stock valued at $1,147,000 after acquiring an additional 3,728 shares during the last quarter. Hedge funds and other institutional investors own 46.03% of the company’s stock.

Hyatt Hotels Price Performance

NYSE H opened at $132.78 on Tuesday. 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 stock has a market capitalization of $13.69 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 20.23 and a beta of 1.46. The company has a 50 day moving average price of $128.86 and a two-hundred day moving average price of $116.64. Hyatt Hotels Co. has a 12-month low of $96.77 and a 12-month high of $133.62.

Analyst Ratings Changes

A number of research firms have recently issued reports on H. 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. Jefferies Financial Group raised 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. Royal Bank of Canada raised their price target on shares of Hyatt Hotels from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 9th. Barclays increased their price objective on shares of Hyatt Hotels from $119.00 to $128.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $135.00 price objective on shares of Hyatt Hotels in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $124.14.

Read Our Latest Stock Report on Hyatt Hotels

Insider Buying and Selling

In other Hyatt Hotels news, insider Malaika Myers sold 3,351 shares of Hyatt Hotels stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $120.35, for a total transaction of $403,292.85. Following the sale, the insider now owns 15,956 shares in the company, valued at $1,920,304.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Malaika Myers sold 3,351 shares of the business’s stock in a transaction 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 sale, the insider now owns 15,956 shares in the company, valued at approximately $1,920,304.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joan Bottarini sold 4,250 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the transaction, the insider now owns 11,301 shares in the company, valued at approximately $1,454,664.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,552 shares of company stock valued at $9,918,594. 22.15% of the stock is owned by company insiders.

About Hyatt Hotels

(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.

See Also

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

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