Kensington Investment Counsel LLC Sells 3,976 Shares of Hyatt Hotels Corporation $H

Kensington Investment Counsel LLC lowered its position in Hyatt Hotels Corporation (NYSE:H) by 39.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,987 shares of the company’s stock after selling 3,976 shares during the period. Kensington Investment Counsel LLC’s holdings in Hyatt Hotels were worth $861,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Veritas Asset Management LLP increased its holdings in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after acquiring an additional 1,695,616 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares during the period. Bank of America Corp DE grew its position in shares of Hyatt Hotels by 84.5% in the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock valued at $171,545,000 after purchasing an additional 562,611 shares during the period. Par Capital Management Inc. increased its stake in Hyatt Hotels by 551.8% during the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after purchasing an additional 314,300 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Hyatt Hotels by 342.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company’s stock worth $61,517,000 after buying an additional 296,931 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Susquehanna reduced their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Morgan Stanley lifted their price target on Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Barclays boosted their price target on Hyatt Hotels from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus price target of $198.29.

Insider Buying and Selling

In related news, insider David Udell sold 2,087 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the sale, the insider owned 16,638 shares in the company, valued at approximately $3,127,944. This represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were 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 of the company’s stock, valued at approximately $5,449,074.75. This represents a 3.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 23,224 shares of company stock worth $4,173,605. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Stock Down 1.5%

Shares of H stock opened at $186.07 on Thursday. The firm’s fifty day moving average price is $190.41 and its two-hundred day moving average price is $170.55. 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 Corporation has a 1 year low of $133.51 and a 1 year high of $206.86. The firm has a market capitalization of $17.52 billion, a P/E ratio of -531.62 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the prior year, the business posted $0.46 EPS. On average, equities 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.