Hyatt Hotels Corporation $H Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its stake in Hyatt Hotels Corporation (NYSE:H) by 64.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,024 shares of the company’s stock after selling 14,848 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Hyatt Hotels were worth $1,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Hyatt Hotels by 7.6% during the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after purchasing an additional 29,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hyatt Hotels by 8.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after purchasing an additional 11,252 shares during the period. Norges Bank purchased a new position in Hyatt Hotels during the 2nd quarter worth approximately $616,000. Daiwa Securities Group Inc. grew its stake in Hyatt Hotels by 394.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after buying an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. increased its position in Hyatt Hotels by 61.0% during the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock worth $9,609,000 after buying an additional 26,073 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock traded up $1.44 on Friday, reaching $191.38. 318,398 shares of the stock were exchanged, compared to its average volume of 782,285. The firm has a market capitalization of $18.02 billion, a PE ratio of -546.81 and a beta of 1.32. Hyatt Hotels Corporation has a 1-year low of $133.51 and a 1-year high of $206.86. The business has a fifty day moving average price of $185.13 and a two-hundred day moving average price of $168.40. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share 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 positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the previous year, the company earned $0.46 EPS. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

H has been the subject of several research analyst reports. JPMorgan Chase & Co. increased 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. Truist Financial upped their price target on shares of Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Sanford C. Bernstein raised their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Mizuho lifted their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average price target of $194.36.

Insider Buying and Selling

In related news, insider David Udell sold 2,087 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the sale, the insider owned 16,638 shares of the company’s stock, valued at approximately $3,127,944. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the transaction, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 236,658 shares of company stock valued at $39,977,159 in the last quarter. Corporate insiders own 23.60% of the company’s stock.

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.