Hsbc Holdings PLC Purchases 63,965 Shares of Hyatt Hotels Corporation $H

Hsbc Holdings PLC grew its position in Hyatt Hotels Corporation (NYSE:H) by 598.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,659 shares of the company’s stock after purchasing an additional 63,965 shares during the period. Hsbc Holdings PLC’s holdings in Hyatt Hotels were worth $12,005,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of H. Johnson Financial Group Inc. lifted its stake in Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $26,000. DV Equities LLC acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $32,000. Ares Financial Consulting LLC acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Hyatt Hotels in the third quarter worth $34,000. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

H has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Susquehanna reduced 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. Barclays raised their price objective on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Morgan Stanley upped their target price on Hyatt Hotels from $195.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Sanford C. Bernstein increased their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.36.

Hyatt Hotels Stock Performance

Shares of H stock opened at $193.22 on Wednesday. The company has a fifty day moving average price of $183.46 and a two-hundred day moving average price of $167.88. Hyatt Hotels Corporation has a one year low of $133.51 and a one year high of $206.86. The stock has a market cap of $18.19 billion, a P/E ratio of -552.07 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 issued its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Insider Transactions at Hyatt Hotels

In related news, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the transaction, the insider directly owned 6,374 shares of the company’s stock, valued at approximately $1,183,396.84. The trade was a 61.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 have 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.