Swiss National Bank Grows Stake in Hyatt Hotels Corporation $H

Swiss National Bank grew its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,700 shares of the company’s stock after acquiring an additional 7,400 shares during the quarter. Swiss National Bank’s holdings in Hyatt Hotels were worth $17,643,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Johnson Financial Group Inc. lifted its position in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Hyatt Hotels in the 4th quarter worth $26,000. DV Equities LLC purchased a new position in Hyatt Hotels during the 4th quarter valued at about $32,000. Ares Financial Consulting LLC bought a new stake in shares of Hyatt Hotels in the 4th quarter worth approximately $34,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Hyatt Hotels during the 3rd quarter valued at $34,000. 73.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Susan D. Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the transaction, the director owned 31,225 shares in the company, valued at approximately $5,449,074.75. The trade was a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 8,682 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the transaction, the insider owned 13,338 shares in the company, valued at $2,294,136. This trade represents a 39.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,224 shares of company stock worth $4,173,605 in the last 90 days. Company insiders own 23.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Hyatt Hotels from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley upped their target price on shares of Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Susquehanna cut their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Barclays boosted their price objective on shares of Hyatt Hotels from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Sanford C. Bernstein increased their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $198.29.

Hyatt Hotels Trading Up 1.8%

Shares of H stock opened at $187.00 on Friday. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of -534.29 and a beta of 1.32. Hyatt Hotels Corporation has a 12-month low of $133.51 and a 12-month high of $206.86. The stock’s 50-day moving average price is $189.25 and its 200-day moving average price is $170.06. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm posted $0.46 earnings per share. Equities research analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current fiscal year.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.