OP Asset Management Ltd Makes New $655,000 Investment in Hyatt Hotels Corporation $H

OP Asset Management Ltd bought a new stake in Hyatt Hotels Corporation (NYSE:H) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,556 shares of the company’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Hyatt Hotels by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock valued at $41,083,000 after acquiring an additional 32,048 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hyatt Hotels by 17.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock valued at $20,911,000 after purchasing an additional 22,071 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Hyatt Hotels by 970.8% during the 4th quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after purchasing an additional 16,794 shares during the last quarter. Candlestick Capital Management LP increased its position in Hyatt Hotels by 53.9% during the 3rd quarter. Candlestick Capital Management LP now owns 631,290 shares of the company’s stock worth $89,599,000 after purchasing an additional 221,039 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Hyatt Hotels by 345.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock valued at $1,422,000 after purchasing an additional 6,877 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Down 1.6%

Shares of NYSE:H opened at $193.66 on Wednesday. The firm has a market cap of $18.24 billion, a P/E ratio of -553.33 and a beta of 1.33. Hyatt Hotels Corporation has a 12-month low of $133.51 and a 12-month high of $206.86. The business has a fifty day simple moving average of $181.03 and a 200 day simple moving average of $166.86. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Analysts predict that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 31,225 shares in the company, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 236,658 shares of company stock worth $39,977,159. Company insiders own 23.60% of the company’s stock.

Analyst Ratings Changes

H has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Robert W. Baird boosted their price objective on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Susquehanna cut their price target 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. Finally, Morgan Stanley boosted their price target on Hyatt Hotels from $195.00 to $208.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.36.

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.