OP Asset Management Ltd Makes New $655,000 Investment in Hyatt Hotels Corporation $H

OP Asset Management Ltd purchased a new stake in Hyatt Hotels Corporation (NYSE:H) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,556 shares of the company’s stock, valued at approximately $655,000.

Several other large investors also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its position in shares of Hyatt Hotels by 18.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock valued at $74,000 after acquiring an additional 72 shares during the period. Allworth Financial LP boosted its stake in Hyatt Hotels by 17.8% during the third quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after acquiring an additional 73 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Hyatt Hotels by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock valued at $372,000 after purchasing an additional 79 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in shares of Hyatt Hotels by 3.5% during the fourth quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock valued at $391,000 after purchasing an additional 83 shares during the period. Finally, US Bancorp DE boosted its position in shares of Hyatt Hotels by 2.3% during the 3rd quarter. US Bancorp DE now owns 3,788 shares of the company’s stock worth $538,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on H. Sanford C. Bernstein raised their target price on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Truist Financial increased their price target on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price objective on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Morgan Stanley upped their target price on Hyatt Hotels from $195.00 to $208.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Barclays increased their target price on Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Hyatt Hotels presently has an average rating of “Moderate Buy” and an average target price of $194.36.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $193.66 on Wednesday. The stock has a market cap of $18.24 billion, a price-to-earnings ratio of -553.33 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. Hyatt Hotels Corporation has a fifty-two week low of $133.51 and a fifty-two week high of $206.86. The firm’s 50-day simple moving average is $181.03 and its 200 day simple moving average is $166.86.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 2,087 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total value of $392,356.00. Following the sale, the insider owned 16,638 shares of the company’s stock, valued at $3,127,944. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total transaction of $195,276.69. Following the completion of the transaction, the director owned 31,225 shares in the company, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 236,658 shares of company stock valued at $39,977,159. Company insiders own 23.60% of the company’s stock.

About Hyatt Hotels

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.