Rhumbline Advisers lowered its stake in Hyatt Hotels Corporation (NYSE:H) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,587 shares of the company’s stock after selling 2,059 shares during the quarter. Rhumbline Advisers’ holdings in Hyatt Hotels Corporation were worth $1,944,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of H. James Investment Research Inc. purchased a new position in Hyatt Hotels Corporation in the second quarter valued at about $151,000. UBS Asset Management Americas Inc. purchased a new position in Hyatt Hotels Corporation in the fourth quarter valued at about $227,000. Campbell & CO Investment Adviser LLC purchased a new position in Hyatt Hotels Corporation in the second quarter valued at about $232,000. Amalgamated Bank boosted its holdings in Hyatt Hotels Corporation by 2.0% in the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after purchasing an additional 91 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Hyatt Hotels Corporation by 11.2% in the first quarter. Pacer Advisors Inc. now owns 5,070 shares of the company’s stock valued at $274,000 after purchasing an additional 512 shares during the last quarter. Institutional investors and hedge funds own 30.68% of the company’s stock.
In other Hyatt Hotels Corporation news, Director Richard A. Friedman sold 8,654,050 shares of Hyatt Hotels Corporation stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $57.58, for a total transaction of $498,300,199.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider R.A. G.C. Trust #8 sold 7,964 shares of Hyatt Hotels Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $59.29, for a total value of $472,185.56. Following the sale, the insider now directly owns 7,964 shares in the company, valued at $472,185.56. The disclosure for this sale can be found here. Insiders have sold 8,713,219 shares of company stock worth $501,819,287 over the last ninety days. Company insiders own 27.51% of the company’s stock.
Hyatt Hotels Corporation (H) opened at 60.52 on Friday. The company has a market cap of $7.57 billion, a P/E ratio of 30.35 and a beta of 1.25. Hyatt Hotels Corporation has a 12-month low of $47.94 and a 12-month high of $61.07. The firm’s 50-day moving average price is $58.12 and its 200-day moving average price is $56.09.
Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.17. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. During the same period in the previous year, the business earned $0.64 earnings per share. Analysts expect that Hyatt Hotels Corporation will post $1.60 EPS for the current year.
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A number of brokerages recently commented on H. BidaskClub downgraded Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Robert W. Baird reissued a “buy” rating and issued a $68.00 price target on shares of Hyatt Hotels Corporation in a report on Friday, September 8th. FBR & Co reissued an “outperform” rating and issued a $66.00 price target (up previously from $63.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Deutsche Bank AG reissued a “hold” rating and issued a $60.00 price target (up previously from $59.00) on shares of Hyatt Hotels Corporation in a report on Wednesday, August 9th. Finally, Wolfe Research raised Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $58.56.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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