Fmr LLC Grows Position in Hyatt Hotels Co. (NYSE:H)

FMR LLC raised its stake in shares of Hyatt Hotels Co. (NYSE:H) by 17.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 734,605 shares of the company’s stock after purchasing an additional 107,909 shares during the period. FMR LLC owned approximately 0.69% of Hyatt Hotels worth $49,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. BB&T Securities LLC boosted its stake in Hyatt Hotels by 4.4% during the 4th quarter. BB&T Securities LLC now owns 4,025 shares of the company’s stock valued at $272,000 after purchasing an additional 171 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Hyatt Hotels by 2.8% in the 4th quarter. Commonwealth Bank of Australia now owns 18,542 shares of the company’s stock worth $1,249,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Hyatt Hotels by 66.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,769 shares of the company’s stock worth $119,000 after buying an additional 705 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Hyatt Hotels by 5.9% in the 4th quarter. SG Americas Securities LLC now owns 14,138 shares of the company’s stock worth $956,000 after buying an additional 790 shares during the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 36.73% of the company’s stock.

H has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Hyatt Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Raymond James reaffirmed a “hold” rating on shares of Hyatt Hotels in a report on Wednesday, February 13th. Wells Fargo & Co cut shares of Hyatt Hotels from an “outperform” rating to a “market perform” rating and set a $80.00 price target on the stock. in a report on Wednesday, April 24th. Robert W. Baird set a $89.00 price target on shares of Hyatt Hotels and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $75.00 price target on shares of Hyatt Hotels in a report on Sunday, February 17th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $79.25.

In other news, insider David Udell sold 6,486 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $74.00, for a total value of $479,964.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $740,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 24.70% of the company’s stock.

H stock traded down $1.03 during midday trading on Friday, reaching $76.38. 419,906 shares of the company’s stock traded hands, compared to its average volume of 640,328. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.17. Hyatt Hotels Co. has a 52 week low of $63.45 and a 52 week high of $84.89. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 5.30 and a beta of 1.10.

Hyatt Hotels (NYSE:H) last issued its earnings results on Wednesday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.24. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Hyatt Hotels had a net margin of 9.18% and a return on equity of 6.37%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. Equities research analysts anticipate that Hyatt Hotels Co. will post 1.34 EPS for the current year.

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About Hyatt Hotels

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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