Accredited Investors Inc. Sells 4,317 Shares of Hyatt Hotels Corporation $H

Accredited Investors Inc. lowered its position in Hyatt Hotels Corporation (NYSE:H) by 60.4% during the first quarter, Holdings Channel reports. The institutional investor owned 2,829 shares of the company’s stock after selling 4,317 shares during the quarter. Accredited Investors Inc.’s holdings in Hyatt Hotels were worth $407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bamco Inc. NY increased its position in shares of Hyatt Hotels by 2.7% during the third quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock worth $868,139,000 after purchasing an additional 161,461 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. Veritas Asset Management LLP grew its stake in Hyatt Hotels by 827.9% during the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares during the last quarter. Bank of Nova Scotia increased its position in Hyatt Hotels by 2.8% during the 4th quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after buying an additional 43,733 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Hyatt Hotels by 15.8% during the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after buying an additional 193,530 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in 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 report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Sanford C. Bernstein lifted their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Susquehanna dropped their target price on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Morgan Stanley upped their price target on shares of Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $194.36.

Hyatt Hotels Stock Up 0.8%

Hyatt Hotels stock opened at $191.38 on Friday. The business’s 50-day simple moving average is $185.13 and its two-hundred day simple moving average is $168.40. 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 cap of $18.02 billion, a PE ratio of -546.81 and a beta of 1.32. 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 firm had revenue of $1.75 billion during 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 period last year, the business posted $0.46 earnings per share. Equities analysts anticipate that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 2,087 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the transaction, the insider owned 16,638 shares of the company’s stock, valued at $3,127,944. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction on 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 owned 6,374 shares of the company’s stock, valued at $1,183,396.84. This represents a 61.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 236,658 shares of company stock worth $39,977,159. Corporate insiders own 23.60% of the company’s stock.

About Hyatt Hotels

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.