Bank of New York Mellon Corp Decreases Holdings in Hyatt Hotels Corporation $H

Bank of New York Mellon Corp reduced its position in Hyatt Hotels Corporation (NYSE:H) by 3.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 305,418 shares of the company’s stock after selling 9,440 shares during the period. Bank of New York Mellon Corp’s holdings in Hyatt Hotels were worth $43,916,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock worth $210,000 after acquiring an additional 60 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Hyatt Hotels by 18.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock valued at $74,000 after buying an additional 72 shares during the last quarter. Allworth Financial LP raised its stake in Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after acquiring an additional 73 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after acquiring an additional 79 shares during the last quarter. Finally, Ethic Inc. increased its holdings in shares of Hyatt Hotels by 3.5% in the fourth quarter. Ethic Inc. now owns 2,533 shares of the company’s stock valued at $406,000 after purchasing an additional 85 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through this link. Also, Director Susan D. Kronick sold 1,119 shares of Hyatt Hotels stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the sale, the director owned 31,225 shares in the company, valued at $5,449,074.75. This represents a 3.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 23,224 shares of company stock valued at $4,173,605. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Stock Up 1.8%

NYSE H opened at $187.00 on Friday. The business’s fifty day simple moving average is $189.25 and its 200-day simple moving average is $170.06. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The firm has a market cap of $17.61 billion, a PE ratio of -534.29 and a beta of 1.32. Hyatt Hotels Corporation has a 52 week low of $133.51 and a 52 week high of $206.86.

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

Analyst Ratings Changes

A number of brokerages recently commented on H. Stifel Nicolaus set a $182.00 target price on Hyatt Hotels in a research report on Friday, May 29th. Robert W. Baird lifted their price objective on shares of Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Susquehanna dropped their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Truist Financial increased their price objective on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein raised their target price on shares of Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $198.29.

Hyatt Hotels 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.