Delta Global Management LP Takes Position in Hyatt Hotels Corporation $H

Delta Global Management LP bought a new position in Hyatt Hotels Corporation (NYSE:H) in the first quarter, HoldingsChannel reports. The firm bought 14,956 shares of the company’s stock, valued at approximately $2,151,000.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after buying an additional 1,516,554 shares during the period. Veritas Asset Management LLP boosted its stake in Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares during the period. Bank of Nova Scotia increased its position in Hyatt Hotels by 2.8% during the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after acquiring an additional 43,733 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Hyatt Hotels by 15.8% in the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after acquiring an additional 193,530 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Hyatt Hotels by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 751,607 shares of the company’s stock worth $120,153,000 after acquiring an additional 6,849 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Susquehanna decreased their price objective 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. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. HSBC raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research note on Thursday, June 4th. Finally, JPMorgan Chase & Co. raised their price target on Hyatt Hotels from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.29.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the completion of the sale, the insider directly owned 6,374 shares in the company, valued at approximately $1,183,396.84. This represents a 61.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 23,224 shares of company stock worth $4,173,605. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Trading Up 1.8%

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

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.46 EPS. On average, research analysts anticipate that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Hyatt Hotels Company 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.