Convergence Investment Partners LLC trimmed its position in shares of Hyatt Hotels Co. (NYSE:H) by 45.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,823 shares of the company’s stock after selling 24,067 shares during the period. Convergence Investment Partners LLC’s holdings in Hyatt Hotels were worth $2,120,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in H. Acrospire Investment Management LLC bought a new stake in Hyatt Hotels during the second quarter valued at about $101,000. Prudential Financial Inc. bought a new stake in Hyatt Hotels during the third quarter valued at about $212,000. Federated Investors Inc. PA bought a new stake in Hyatt Hotels during the second quarter valued at about $216,000. The Manufacturers Life Insurance Company raised its position in shares of Hyatt Hotels by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after buying an additional 272 shares during the last quarter. Finally, TLP Group LLC acquired a new position in shares of Hyatt Hotels during the second quarter valued at about $254,000. Institutional investors own 38.78% of the company’s stock.
H has been the subject of a number of research analyst reports. Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $82.00 price objective for the company in a research report on Monday, January 8th. Robert W. Baird reaffirmed a “buy” rating and set a $84.00 price objective on shares of Hyatt Hotels in a research report on Tuesday, January 9th. Wolfe Research raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 21st. B. Riley lowered shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Monday, November 6th. Finally, Wells Fargo & Co raised shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $73.85.
Hyatt Hotels Co. (H) opened at $77.03 on Wednesday. Hyatt Hotels Co. has a 52-week low of $50.21 and a 52-week high of $79.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 1.04. The stock has a market cap of $9,384.38, a PE ratio of 46.40, a P/E/G ratio of 12.37 and a beta of 1.25.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.09. Hyatt Hotels had a net margin of 4.66% and a return on equity of 6.13%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.47 earnings per share. analysts expect that Hyatt Hotels Co. will post 1.73 EPS for the current fiscal year.
Hyatt Hotels announced that its board has authorized a stock buyback program on Thursday, December 14th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In other news, insider Stephen G. Haggerty sold 7,117 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $61.60, for a total transaction of $438,407.20. Following the completion of the sale, the insider now owns 57,326 shares of the company’s stock, valued at $3,531,281.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Samuel Hoplamazian sold 49,173 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $71.54, for a total transaction of $3,517,836.42. Following the sale, the insider now directly owns 300,655 shares of the company’s stock, valued at approximately $21,508,858.70. The disclosure for this sale can be found here. Insiders sold 781,656 shares of company stock valued at $54,683,626 in the last three months. Company insiders own 27.51% of the company’s stock.
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Hyatt Hotels Profile
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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