Cubist Systematic Strategies LLC Boosts Stake in Hyatt Hotels Corporation (H)
Cubist Systematic Strategies LLC grew its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 298.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,650 shares of the company’s stock after buying an additional 12,474 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Hyatt Hotels Corporation were worth $936,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC purchased a new stake in shares of Hyatt Hotels Corporation during the 2nd quarter valued at $101,000. James Investment Research Inc. purchased a new stake in shares of Hyatt Hotels Corporation during the 2nd quarter valued at $151,000. Federated Investors Inc. PA purchased a new stake in shares of Hyatt Hotels Corporation during the 2nd quarter valued at $216,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Hyatt Hotels Corporation during the 2nd quarter valued at $232,000. Finally, TLP Group LLC purchased a new stake in shares of Hyatt Hotels Corporation during the 2nd quarter valued at $254,000. Hedge funds and other institutional investors own 30.68% of the company’s stock.
Several analysts have recently weighed in on H shares. Robert W. Baird restated a “buy” rating and set a $68.00 price objective on shares of Hyatt Hotels Corporation in a research report on Friday, September 8th. BidaskClub cut shares of Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Deutsche Bank AG restated a “hold” rating and set a $60.00 price objective (up previously from $59.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. FBR & Co reiterated an “outperform” rating and issued a $66.00 target price (up previously from $63.00) on shares of Hyatt Hotels Corporation in a research report on Wednesday, August 9th. Finally, Wolfe Research upgraded shares of Hyatt Hotels Corporation from an “underperform” rating to a “market perform” rating in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $59.43.
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In other news, insider Rena Hozore Reiss sold 4,000 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $61.43, for a total value of $245,720.00. Following the sale, the insider now owns 30,881 shares of the company’s stock, valued at $1,897,019.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Don G.C. Trust #8 sold 42,146 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $59.55, for a total transaction of $2,509,794.30. Following the completion of the sale, the insider now directly owns 42,146 shares in the company, valued at approximately $2,509,794.30. The disclosure for this sale can be found here. In the last three months, insiders sold 8,727,219 shares of company stock worth $502,679,207. Insiders own 27.51% of the company’s stock.
Hyatt Hotels Corporation (NYSE:H) opened at 61.42 on Monday. Hyatt Hotels Corporation has a 12 month low of $47.96 and a 12 month high of $62.08. The company has a 50-day moving average of $60.52 and a 200-day moving average of $57.46. The stock has a market cap of $7.68 billion, a PE ratio of 30.80 and a beta of 1.24.
Hyatt Hotels Corporation (NYSE:H) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.17. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.64 earnings per share. On average, equities analysts forecast that Hyatt Hotels Corporation will post $1.60 EPS for the current fiscal year.
Hyatt Hotels Corporation 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. 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).
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