Baskin Financial Services Inc. boosted its stake in Hyatt Hotels Co. (NYSE:H) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,069 shares of the company’s stock after acquiring an additional 15,985 shares during the period. Hyatt Hotels accounts for approximately 2.5% of Baskin Financial Services Inc.’s holdings, making the stock its 20th biggest holding. Baskin Financial Services Inc. owned 0.18% of Hyatt Hotels worth $13,721,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Hyatt Hotels by 110.2% in the third quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock valued at $88,055,000 after acquiring an additional 580,125 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in Hyatt Hotels in the fourth quarter valued at $61,000. PNC Financial Services Group Inc. boosted its holdings in Hyatt Hotels by 66.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,769 shares of the company’s stock valued at $119,000 after acquiring an additional 705 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Hyatt Hotels by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 3,880,760 shares of the company’s stock valued at $308,870,000 after buying an additional 38,758 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Hyatt Hotels by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,880,760 shares of the company’s stock valued at $308,870,000 after buying an additional 38,758 shares in the last quarter. Institutional investors and hedge funds own 36.62% of the company’s stock.
In other news, insider David Udell sold 6,486 shares of Hyatt Hotels stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $74.00, for a total value of $479,964.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $740,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 18.40% of the stock is owned by insiders.
Shares of H traded down $0.03 during trading hours on Monday, hitting $76.17. The company had a trading volume of 405,952 shares, compared to its average volume of 669,949. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.27 and a quick ratio of 1.25. The firm has a market cap of $8.01 billion, a PE ratio of 38.33, a P/E/G ratio of 5.32 and a beta of 1.09. Hyatt Hotels Co. has a 52-week low of $63.45 and a 52-week high of $84.89.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.40. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Hyatt Hotels had a return on equity of 5.93% and a net margin of 17.26%. During the same quarter in the previous year, the firm earned $0.23 EPS. As a group, sell-side analysts anticipate that Hyatt Hotels Co. will post 1.31 EPS for the current year.
A number of analysts have recently commented on H shares. ValuEngine cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Bank of America cut shares of Hyatt Hotels from a “buy” rating to a “neutral” rating and set a $67.18 target price on the stock. in a report on Monday, January 7th. Wells Fargo & Co restated a “buy” rating on shares of Hyatt Hotels in a report on Friday, January 25th. Morgan Stanley set a $73.00 target price on shares of Hyatt Hotels and gave the company a “hold” rating in a report on Thursday, December 20th. Finally, SunTrust Banks boosted their target price on shares of Hyatt Hotels from $78.00 to $82.00 and gave the company a “hold” rating in a report on Tuesday, February 19th. Thirteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.36.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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