Strs Ohio Has $11,056,000 Stake in Hyatt Hotels Corp. (H)
Strs Ohio continued to hold its position in shares of Hyatt Hotels Corp. (NYSE:H) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 225,000 shares of the company’s stock at the end of the second quarter. Strs Ohio owned approximately 0.17% of Hyatt Hotels Corp. worth $11,056,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of H. Panagora Asset Management Inc. boosted its position in Hyatt Hotels Corp. by 894.6% in the first quarter. Panagora Asset Management Inc. now owns 8,951 shares of the company’s stock worth $443,000 after buying an additional 8,051 shares in the last quarter. A.R.T. Advisors LLC boosted its position in Hyatt Hotels Corp. by 132.2% in the first quarter. A.R.T. Advisors LLC now owns 62,523 shares of the company’s stock worth $3,094,000 after buying an additional 35,600 shares in the last quarter. Reynolds Capital Management LLC acquired a new position in Hyatt Hotels Corp. during the first quarter worth about $243,000. UBS Group AG boosted its position in Hyatt Hotels Corp. by 1,733.4% in the first quarter. UBS Group AG now owns 288,080 shares of the company’s stock worth $14,257,000 after buying an additional 272,367 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Hyatt Hotels Corp. during the first quarter worth about $1,940,000. 17.67% of the stock is owned by institutional investors.
Shares of Hyatt Hotels Corp. (NYSE:H) traded up 0.84% during midday trading on Friday, hitting $49.22. The stock had a trading volume of 342,749 shares. Hyatt Hotels Corp. has a 52 week low of $34.06 and a 52 week high of $54.82. The firm has a market cap of $6.55 billion, a P/E ratio of 41.93 and a beta of 1.50. The company’s 50 day moving average is $52.00 and its 200 day moving average is $49.51.
Hyatt Hotels Corp. (NYSE:H) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.17. Hyatt Hotels Corp. had a return on equity of 4.78% and a net margin of 3.69%. During the same quarter in the prior year, the business earned $0.28 earnings per share. On average, equities analysts predict that Hyatt Hotels Corp. will post $1.48 earnings per share for the current fiscal year.
H has been the subject of several recent research reports. Vetr cut Hyatt Hotels Corp. from a “hold” rating to a “sell” rating and set a $50.60 price objective for the company. in a report on Thursday, August 25th. Morgan Stanley reissued a “hold” rating and set a $49.00 price objective on shares of Hyatt Hotels Corp. in a report on Monday, August 15th. Stifel Nicolaus cut Hyatt Hotels Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. They noted that the move was a valuation call. Wolfe Research initiated coverage on Hyatt Hotels Corp. in a report on Wednesday, July 6th. They set an “underperform” rating for the company. Finally, Zacks Investment Research cut Hyatt Hotels Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.24.
In other Hyatt Hotels Corp. news, insider David Udell sold 7,344 shares of Hyatt Hotels Corp. stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $52.26, for a total value of $383,797.44. Following the completion of the sale, the insider now directly owns 7,582 shares in the company, valued at $396,235.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 25.50% of the company’s stock.
Hyatt Hotels Corp. 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, consisting of full service hotels, select service hotels, resorts and other properties, including timeshare, fractional and other forms of residential and vacation properties.
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