Hyatt Hotels Corporation (NYSE:H) Stake Increased by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC raised its stake in Hyatt Hotels Corporation (NYSE:H) by 5,521.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 78,694 shares of the company’s stock after buying an additional 77,294 shares during the period. Harbour Capital Advisors LLC’s holdings in Hyatt Hotels Corporation were worth $1,400,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in H. Morgan Stanley boosted its position in Hyatt Hotels Corporation by 85.5% in the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock valued at $141,682,000 after buying an additional 1,209,744 shares during the last quarter. Credit Agricole S A acquired a new position in Hyatt Hotels Corporation during the first quarter valued at about $1,809,000. Amalgamated Bank boosted its position in Hyatt Hotels Corporation by 2.0% in the first quarter. Amalgamated Bank now owns 4,686 shares of the company’s stock valued at $253,000 after buying an additional 91 shares during the last quarter. Norges Bank acquired a new position in Hyatt Hotels Corporation during the fourth quarter valued at about $17,371,000. Finally, BTIM Corp. boosted its position in Hyatt Hotels Corporation by 44.2% in the second quarter. BTIM Corp. now owns 57,985 shares of the company’s stock valued at $3,259,000 after buying an additional 17,785 shares during the last quarter. Institutional investors own 31.01% of the company’s stock.
Shares of Hyatt Hotels Corporation (NYSE H) opened at 60.35 on Friday. The firm has a market cap of $7.57 billion, a PE ratio of 33.32 and a beta of 1.28. The company has a 50 day moving average price of $56.16 and a 200-day moving average price of $55.27. Hyatt Hotels Corporation has a 12-month low of $47.94 and a 12-month high of $61.07.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.17. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. During the same quarter last year, the business earned $0.64 earnings per share. Analysts expect that Hyatt Hotels Corporation will post $1.49 EPS for the current year.
Hyatt Hotels Corporation declared that its board has initiated a stock buyback program on Thursday, May 4th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
H has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, May 5th. Guggenheim initiated coverage on Hyatt Hotels Corporation in a research report on Wednesday, April 26th. They set a “neutral” rating on the stock. FBR & Co reiterated a “buy” rating on shares of Hyatt Hotels Corporation in a research report on Monday, May 15th. BidaskClub cut Hyatt Hotels Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Wolfe Research upgraded Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.73.
In other Hyatt Hotels Corporation news, major shareholder Gs Capital Partners Vi Fund, L sold 4,000,000 shares of Hyatt Hotels Corporation stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $57.53, for a total value of $230,120,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider H. Charles Floyd sold 18,854 shares of Hyatt Hotels Corporation stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $58.34, for a total transaction of $1,099,942.36. Following the completion of the transaction, the insider now owns 59,263 shares in the company, valued at approximately $3,457,403.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,042,240 shares of company stock worth $232,582,411. 25.50% of the stock is currently owned by company insiders.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Corporation (NYSE:H).
Receive News & Ratings for Hyatt Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels Corporation and related companies with MarketBeat.com's FREE daily email newsletter.