Hyatt Hotels Corporation $H Shares Sold by AMG National Trust Bank

AMG National Trust Bank cut its position in shares of Hyatt Hotels Corporation (NYSE:H) by 14.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 16,005 shares of the company’s stock after selling 2,637 shares during the quarter. AMG National Trust Bank’s holdings in Hyatt Hotels were worth $2,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Veritas Asset Management LLP boosted its position in Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after acquiring an additional 1,695,616 shares during the last quarter. Wellington Management Group LLP raised its holdings in Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after acquiring an additional 1,516,554 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Hyatt Hotels by 84.5% during the 2nd quarter. Bank of America Corp DE now owns 1,228,396 shares of the company’s stock worth $171,545,000 after purchasing an additional 562,611 shares during the period. Par Capital Management Inc. lifted its stake in shares of Hyatt Hotels by 551.8% during the 2nd quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after purchasing an additional 314,300 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Hyatt Hotels by 342.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company’s stock valued at $61,517,000 after purchasing an additional 296,931 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

H has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Hyatt Hotels from $197.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Truist Financial upped their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Finally, Robert W. Baird lifted their target price on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.36.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the sale, the insider directly owned 213,434 shares in the company, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan D. Kronick sold 1,119 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total transaction of $195,276.69. Following the transaction, the director directly owned 31,225 shares of the company’s stock, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 236,658 shares of company stock worth $39,977,159. 23.60% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

Shares of H stock opened at $189.70 on Wednesday. The firm has a fifty day simple moving average of $186.03 and a 200-day simple moving average of $168.72. The company has a market capitalization of $17.86 billion, a PE ratio of -542.00 and a beta of 1.32. Hyatt Hotels Corporation has a twelve month low of $133.51 and a twelve month high of $206.86. 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 released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping 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 business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $0.46 earnings per share. Equities research analysts anticipate that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

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.