Hyatt Hotels Corporation $H Shares Sold by Assetmark Inc.

Assetmark Inc. lessened its stake in Hyatt Hotels Corporation (NYSE:H) by 76.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,963 shares of the company’s stock after selling 60,707 shares during the quarter. Assetmark Inc.’s holdings in Hyatt Hotels were worth $2,727,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of H. Allspring Global Investments Holdings LLC boosted its holdings in shares of Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after purchasing an additional 32,048 shares in the last quarter. Truist Financial Corp raised its holdings in 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 buying an additional 16,794 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Hyatt Hotels by 345.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock valued at $1,422,000 after buying an additional 6,877 shares during the period. Accredited Investors Inc. purchased a new stake in Hyatt Hotels in the 4th quarter worth approximately $1,146,000. Finally, Davidson Investment Advisors increased its position in shares of Hyatt Hotels by 287.0% during the fourth quarter. Davidson Investment Advisors now owns 272,421 shares of the company’s stock valued at $43,675,000 after buying an additional 202,031 shares during the period. Institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on H. Sanford C. Bernstein lifted their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Robert W. Baird increased their price objective on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. JPMorgan Chase & Co. upped their price target on shares of Hyatt Hotels from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist Financial raised their target price on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.29.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $183.52 on Friday. Hyatt Hotels Corporation has a 12-month low of $133.51 and a 12-month high of $206.86. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $188.89 and a 200-day moving average price of $169.94. The firm has a market capitalization of $17.28 billion, a PE ratio of -524.34 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. During the same period in the prior year, the company posted $0.46 EPS. As a group, equities research analysts forecast that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Insiders Place Their Bets

In other news, insider Peter Sears sold 10,217 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $185.66, for a total value of $1,896,888.22. Following the sale, the insider directly owned 6,374 shares in the company, valued at approximately $1,183,396.84. This represents a 61.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.96, for a total value of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 23,224 shares of company stock valued at $4,173,605. 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.