Bank of America Corp DE boosted its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 53.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,648 shares of the company’s stock after buying an additional 33,540 shares during the period. Bank of America Corp DE owned about 0.08% of Hyatt Hotels Corporation worth $5,217,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in H. State Street Corp increased its position in shares of Hyatt Hotels Corporation by 27.8% in the fourth quarter. State Street Corp now owns 391,821 shares of the company’s stock valued at $21,655,000 after buying an additional 85,196 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hyatt Hotels Corporation by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 219,647 shares of the company’s stock valued at $12,140,000 after buying an additional 6,980 shares during the last quarter. Guggenheim Capital LLC bought a new position in Hyatt Hotels Corporation during the fourth quarter worth approximately $742,000. Norges Bank bought a new position in Hyatt Hotels Corporation during the fourth quarter worth approximately $17,371,000. Finally, Quadrature Capital Ltd bought a new position in Hyatt Hotels Corporation during the fourth quarter worth approximately $1,379,000. 31.02% of the stock is owned by hedge funds and other institutional investors.
Shares of Hyatt Hotels Corporation (H) traded up 0.23% during mid-day trading on Friday, hitting $56.09. The stock had a trading volume of 54,717 shares. The company has a 50-day moving average of $56.21 and a 200 day moving average of $55.51. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 28.13 and a beta of 1.28. Hyatt Hotels Corporation has a one year low of $47.94 and a one year high of $61.07.
Hyatt Hotels Corporation (NYSE:H) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.17. Hyatt Hotels Corporation had a return on equity of 6.78% and a net margin of 5.71%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business earned $0.64 EPS. On average, equities research analysts forecast that Hyatt Hotels Corporation will post $1.62 earnings per share for the current year.
Hyatt Hotels Corporation announced that its board has initiated a share buyback plan on Thursday, May 4th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
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A number of research firms have recently commented on H. Wolfe Research raised shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research note on Monday, July 10th. FBR & Co reaffirmed an “outperform” rating and set a $66.00 price objective (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Guggenheim began coverage on shares of Hyatt Hotels Corporation in a research note on Wednesday, April 26th. They set a “neutral” rating for the company. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.62.
In other Hyatt Hotels Corporation news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $57.53, for a total value of $230,120,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard A. Friedman sold 8,654,050 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $57.58, for a total value of $498,300,199.00. The disclosure for this sale can be found here. Insiders sold a total of 12,696,196 shares of company stock worth $730,929,993 over the last three months. 25.50% of the stock is owned by company insiders.
Hyatt Hotels Corporation Company 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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