AQR Capital Management LLC boosted its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 34.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,890 shares of the company’s stock after purchasing an additional 15,656 shares during the quarter. AQR Capital Management LLC owned approximately 0.06% of Hyatt Hotels worth $2,917,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of H. Engineers Gate Manager LP purchased a new position in shares of Hyatt Hotels in the first quarter valued at approximately $296,000. Tudor Investment Corp Et Al purchased a new position in shares of Hyatt Hotels in the first quarter valued at approximately $392,000. Morgan Stanley lifted its position in shares of Hyatt Hotels by 42.1% in the first quarter. Morgan Stanley now owns 294,825 shares of the company’s stock valued at $14,123,000 after acquiring an additional 87,373 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in shares of Hyatt Hotels in the first quarter valued at approximately $661,000. Finally, Maverick Capital Ltd. lifted its position in shares of Hyatt Hotels by 20.2% in the first quarter. Maverick Capital Ltd. now owns 508,786 shares of the company’s stock valued at $24,371,000 after acquiring an additional 85,622 shares in the last quarter. Institutional investors own 35.70% of the company’s stock.
Shares of NYSE H opened at $50.51 on Wednesday. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 40.41 and a beta of 1.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.48 and a quick ratio of 1.47. The business has a 50-day moving average of $53.87 and a two-hundred day moving average of $67.25. Hyatt Hotels Co. has a 1 year low of $24.02 and a 1 year high of $94.98.
Hyatt Hotels (NYSE:H) last posted its earnings results on Wednesday, May 6th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.17). Hyatt Hotels had a net margin of 12.57% and a return on equity of 3.58%. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $942.33 million. During the same period in the previous year, the firm posted $0.45 earnings per share. As a group, equities research analysts expect that Hyatt Hotels Co. will post -3 earnings per share for the current year.
In related news, insider Mark R. Vondrasek sold 2,561 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $45.32, for a total value of $116,064.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 22.80% of the company’s stock.
Several research firms recently commented on H. SunTrust Banks cut their price target on Hyatt Hotels from $83.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group cut their target price on Hyatt Hotels from $54.00 to $52.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Macquarie cut Hyatt Hotels from an “outperform” rating to a “neutral” rating in a research note on Friday, May 8th. ValuEngine raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Tuesday, April 7th. Finally, Citigroup cut their target price on Hyatt Hotels from $88.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the stock. Hyatt Hotels has a consensus rating of “Hold” and an average target price of $53.63.
About Hyatt Hotels
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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