JPMorgan Chase & Co. decreased its position in Hyatt Hotels Corp. (NYSE:H) by 36.8% during the second quarter, Holdings Channel reports. The fund owned 86,896 shares of the company’s stock after selling 50,564 shares during the period. JPMorgan Chase & Co. owned about 0.07% of Hyatt Hotels Corp. worth $4,269,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of H. Reynolds Capital Management LLC bought a new stake in shares of Hyatt Hotels Corp. during the first quarter worth $243,000. Calvert Investment Management Inc. boosted its stake in shares of Hyatt Hotels Corp. by 7.7% in the second quarter. Calvert Investment Management Inc. now owns 8,417 shares of the company’s stock worth $414,000 after buying an additional 600 shares during the last quarter. I.G. Investment Management LTD. boosted its stake in shares of Hyatt Hotels Corp. by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 8,547 shares of the company’s stock worth $420,000 after buying an additional 732 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Hyatt Hotels Corp. by 226.7% in the second quarter. GSA Capital Partners LLP now owns 16,206 shares of the company’s stock worth $796,000 after buying an additional 11,245 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Hyatt Hotels Corp. by 23.3% in the first quarter. Aperio Group LLC now owns 23,808 shares of the company’s stock worth $1,178,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 17.67% of the company’s stock.
Shares of Hyatt Hotels Corp. (NYSE:H) traded up 0.62% during trading on Friday, hitting $50.07. 204,829 shares of the company traded hands. The firm has a 50 day moving average price of $50.89 and a 200-day moving average price of $49.64. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 42.65 and a beta of 1.51. Hyatt Hotels Corp. has a one year low of $34.06 and a one year high of $54.82.
Hyatt Hotels Corp. (NYSE:H) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.17. Hyatt Hotels Corp. had a net margin of 3.69% and a return on equity of 4.78%. During the same period in the prior year, the firm posted $0.28 EPS. Analysts predict that Hyatt Hotels Corp. will post $1.48 EPS for the current year.
H has been the subject of a number of research reports. FBR & Co reaffirmed a “buy” rating and issued a $62.00 target price on shares of Hyatt Hotels Corp. in a report on Thursday, August 4th. Stifel Nicolaus cut shares of 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. Deutsche Bank AG reaffirmed a “hold” rating and issued a $47.00 target price on shares of Hyatt Hotels Corp. in a report on Sunday, June 26th. Morgan Stanley set a $49.00 target price on shares of Hyatt Hotels Corp. and gave the company a “hold” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research raised shares of Hyatt Hotels Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.24.
In related news, insider David Udell sold 7,344 shares of Hyatt Hotels Corp. stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $52.26, for a total value of $383,797.44. Following the sale, the insider now directly owns 7,582 shares in the company, valued at approximately $396,235.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 25.50% of the stock is currently owned by corporate insiders.
About Hyatt Hotels Corp.
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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