Commonwealth Equity Services LLC Trims Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Commonwealth Equity Services LLC trimmed its position in Hyatt Hotels Co. (NYSE:H) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,806 shares of the company’s stock after selling 227 shares during the period. Commonwealth Equity Services LLC’s holdings in Hyatt Hotels were worth $370,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Balyasny Asset Management LLC purchased a new position in shares of Hyatt Hotels in the second quarter valued at about $14,028,000. Melvin Capital Management LP increased its position in shares of Hyatt Hotels by 5.0% during the second quarter. Melvin Capital Management LP now owns 3,650,000 shares of the company’s stock valued at $283,386,000 after buying an additional 175,000 shares during the period. State Street Corp boosted its stake in Hyatt Hotels by 27.8% during the second quarter. State Street Corp now owns 547,165 shares of the company’s stock worth $42,482,000 after acquiring an additional 118,944 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Hyatt Hotels by 2,303.5% during the second quarter. Allianz Asset Management GmbH now owns 112,245 shares of the company’s stock worth $8,715,000 after acquiring an additional 107,575 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Hyatt Hotels by 2.6% in the second quarter. Vanguard Group Inc. now owns 3,524,924 shares of the company’s stock worth $273,675,000 after buying an additional 88,840 shares in the last quarter. 44.55% of the stock is owned by hedge funds and other institutional investors.

In other Hyatt Hotels news, insider Alejandro Reynal bought 24,000 shares of the stock in a transaction dated Thursday, December 16th. The shares were acquired at an average cost of $83.25 per share, for a total transaction of $1,998,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark R. Vondrasek sold 849 shares of the stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $84.10, for a total value of $71,400.90. The disclosure for this sale can be found here. Insiders sold 49,929 shares of company stock worth $4,666,071 over the last quarter. 22.80% of the stock is currently owned by insiders.

A number of research analysts recently weighed in on the stock. Bank of America upgraded shares of Hyatt Hotels from an “underperform” rating to a “buy” rating and increased their price objective for the company from $85.00 to $110.00 in a research report on Monday, January 10th. Truist increased their price objective on shares of Hyatt Hotels from $76.00 to $78.00 and gave the stock a “hold” rating in a research note on Friday, December 3rd. TheStreet raised shares of Hyatt Hotels from a “d+” rating to a “c-” rating in a research note on Thursday, October 14th. Zacks Investment Research raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday, January 10th. Finally, JPMorgan Chase & Co. upgraded shares of Hyatt Hotels from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $90.00 to $101.00 in a research report on Monday, November 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.22.

Shares of Hyatt Hotels stock opened at $92.19 on Friday. The firm has a market capitalization of $10.14 billion, a P/E ratio of -23.52 and a beta of 1.52. Hyatt Hotels Co. has a 52 week low of $65.44 and a 52 week high of $99.00. The company has a quick ratio of 3.69, a current ratio of 3.70 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $87.84 and its two-hundred day moving average is $81.37.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Wednesday, November 3rd. The company reported $2.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $2.70. The company had revenue of $851.00 million for the quarter, compared to analyst estimates of $860.31 million. Hyatt Hotels had a negative net margin of 16.67% and a negative return on equity of 13.27%. During the same period in the prior year, the firm posted ($1.48) earnings per share. As a group, research analysts expect that Hyatt Hotels Co. will post -2.45 earnings per share for the current fiscal year.

Hyatt Hotels Company Profile

Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels; Americas Management and Franchising; ASPAC Management and Franchising; and EAME/SW Asia management and Franchising. The Owned and Leased Hotels segment offers hospitality services and hotels.

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

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