Hsbc Holdings PLC Trims Stake in Hyatt Hotels Corporation $H

Hsbc Holdings PLC lessened its position in Hyatt Hotels Corporation (NYSE:H) by 86.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,216 shares of the company’s stock after selling 64,443 shares during the quarter. Hsbc Holdings PLC’s holdings in Hyatt Hotels were worth $1,464,000 at the end of the most recent reporting period.

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

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $190.92 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $17.98 billion, a PE ratio of -545.48 and a beta of 1.32. The company has a 50 day moving average price of $189.67 and a 200-day moving average price of $170.27. Hyatt Hotels Corporation has a fifty-two week low of $133.51 and a fifty-two week high of $206.86.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.46 earnings per share. As a group, equities analysts forecast that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction dated 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 in the company, valued at $5,449,074.75. This represents a 3.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were 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 in the company, valued at $1,183,396.84. This trade represents a 61.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,224 shares of company stock worth $4,173,605 over the last quarter. 23.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on H shares. Mizuho raised their price target on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Truist Financial upped their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Susquehanna reduced their target price on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Wells Fargo & Company lifted their target price on Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 16th. Finally, Barclays boosted their target price on shares of Hyatt Hotels from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.