SEB Asset Management AB Invests $2.35 Million in Hyatt Hotels Corporation $H

SEB Asset Management AB purchased a new stake in Hyatt Hotels Corporation (NYSE:H) in the 1st quarter, Holdings Channel reports. The fund purchased 16,337 shares of the company’s stock, valued at approximately $2,349,000.

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

Hyatt Hotels Stock Down 2.1%

H opened at $183.52 on Friday. The firm has a market cap of $17.28 billion, a P/E ratio of -524.34 and a beta of 1.32. The business’s fifty day simple moving average is $188.89 and its 200 day simple moving average is $169.94. Hyatt Hotels Corporation has a 52 week low of $133.51 and a 52 week high of $206.86. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last released 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. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.58 EPS for the current fiscal year.

Insider Activity

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,119 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider David Udell sold 2,087 shares of the firm’s stock in a transaction on 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 in the company, valued at $3,127,944. This trade represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,224 shares of company stock worth $4,173,605 in the last three months. 23.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on H. HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a research report on Thursday, June 4th. Barclays boosted their price target on Hyatt Hotels from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley raised their price objective on Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Truist Financial boosted their target price on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $198.29.

Hyatt Hotels Company Profile

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.