Hyatt Hotels Co. (NYSE:H) Holdings Cut by Raymond James & Associates

Raymond James & Associates trimmed its stake in shares of Hyatt Hotels Co. (NYSE:H) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,738 shares of the company’s stock after selling 1,307 shares during the quarter. Raymond James & Associates’ holdings in Hyatt Hotels were worth $1,267,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Select Equity Group L.P. lifted its holdings in shares of Hyatt Hotels by 116.4% during the third quarter. Select Equity Group L.P. now owns 1,509,904 shares of the company’s stock worth $120,173,000 after buying an additional 812,192 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Hyatt Hotels by 110.2% during the third quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock worth $88,055,000 after buying an additional 580,125 shares in the last quarter. MARSHALL WACE ASIA Ltd raised its stake in Hyatt Hotels by 40.2% in the third quarter. MARSHALL WACE ASIA Ltd now owns 659,188 shares of the company’s stock valued at $52,465,000 after purchasing an additional 188,924 shares in the last quarter. FMR LLC raised its stake in Hyatt Hotels by 35.0% in the third quarter. FMR LLC now owns 626,696 shares of the company’s stock valued at $49,878,000 after purchasing an additional 162,336 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Hyatt Hotels by 67.4% in the third quarter. Bank of New York Mellon Corp now owns 349,395 shares of the company’s stock valued at $27,810,000 after purchasing an additional 140,616 shares in the last quarter. 36.62% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. Zacks Investment Research raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Tuesday, January 15th. Morgan Stanley set a $76.00 target price on Hyatt Hotels and gave the stock a “hold” rating in a research note on Thursday, March 28th. Robert W. Baird set a $89.00 target price on Hyatt Hotels and gave the stock a “buy” rating in a research note on Friday, February 15th. Raymond James downgraded Hyatt Hotels from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a research note on Tuesday, January 8th. Finally, Deutsche Bank reissued a “hold” rating and set a $75.00 target price on shares of Hyatt Hotels in a research note on Sunday, February 17th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $79.36.

In related news, insider David Udell sold 6,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $74.00, for a total value of $479,964.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at $740,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.40% of the company’s stock.

Shares of NYSE:H traded down $0.74 during midday trading on Friday, hitting $76.03. 320,626 shares of the stock were exchanged, compared to its average volume of 493,910. Hyatt Hotels Co. has a 12 month low of $63.45 and a 12 month high of $84.89. The stock has a market cap of $8.06 billion, a P/E ratio of 38.40, a price-to-earnings-growth ratio of 5.31 and a beta of 1.09. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.

Hyatt Hotels (NYSE:H) last announced its earnings results on Wednesday, February 13th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.40. Hyatt Hotels had a return on equity of 5.93% and a net margin of 17.26%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, equities analysts forecast that Hyatt Hotels Co. will post 1.31 EPS for the current year.

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Hyatt Hotels Company Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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

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