AMG National Trust Bank Trims Stock Holdings in Hyatt Hotels Corporation $H

AMG National Trust Bank trimmed its stake in Hyatt Hotels Corporation (NYSE:H) by 14.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,005 shares of the company’s stock after selling 2,637 shares during the period. AMG National Trust Bank’s holdings in Hyatt Hotels were worth $2,301,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Veritas Asset Management LLP lifted its position in shares of 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 purchasing an additional 1,695,616 shares in the last quarter. Wellington Management Group LLP increased its stake in Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares during the period. Bank of America Corp DE lifted its holdings in 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 buying an additional 562,611 shares in the last quarter. Par Capital Management Inc. grew its stake in shares of Hyatt Hotels by 551.8% in the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company’s stock worth $51,847,000 after acquiring an additional 314,300 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Hyatt Hotels by 342.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 383,707 shares of the company’s stock worth $61,517,000 after acquiring an additional 296,931 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Activity at Hyatt Hotels

In other 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 directly owned 31,225 shares of the company’s stock, valued at $5,449,074.75. This trade represents a 3.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction that occurred 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 transaction, the insider owned 213,434 shares of the company’s stock, valued at $35,803,553.50. This represents a 50.00% 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. 23.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on H. HSBC upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a research note on Thursday, June 4th. Morgan Stanley raised their target price on shares of Hyatt Hotels from $195.00 to $208.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price target on shares of Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Barclays raised their price objective on shares of Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $194.36.

Hyatt Hotels Stock Up 2.7%

H opened at $189.70 on Wednesday. Hyatt Hotels Corporation has a one year low of $133.51 and a one year high of $206.86. 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 stock has a market capitalization of $17.86 billion, a P/E ratio of -542.00 and a beta of 1.32. The business’s 50-day simple moving average is $186.03 and its 200-day simple moving average is $168.72.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.46 EPS. Analysts anticipate that Hyatt Hotels Corporation will post 3.58 EPS for the current 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.