Hyatt Hotels Corporation $H Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Hyatt Hotels Corporation (NYSE:H) by 246.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 19,654 shares of the company’s stock after buying an additional 13,979 shares during the quarter. Fifth Third Bancorp’s holdings in Hyatt Hotels were worth $2,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after buying an additional 29,976 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after acquiring an additional 11,252 shares during the period. Norges Bank purchased a new stake in shares of Hyatt Hotels in the 2nd quarter valued at approximately $616,000. Daiwa Securities Group Inc. grew its position in Hyatt Hotels by 394.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock worth $2,418,000 after purchasing an additional 13,812 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Hyatt Hotels by 61.0% during the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock valued at $9,609,000 after purchasing an additional 26,073 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

H has been the subject of a number of research reports. Stifel Nicolaus set a $182.00 price objective on Hyatt Hotels in a research report on Friday, May 29th. Morgan Stanley lifted their target price on shares of Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Susquehanna cut their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Mizuho upped their target price on Hyatt Hotels from $219.00 to $221.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $196.14.

Insider Activity

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. This represents a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Udell sold 8,682 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $172.00, for a total value of $1,493,304.00. Following the completion of the sale, the insider directly owned 13,338 shares in the company, valued at approximately $2,294,136. This represents a 39.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 23,224 shares of company stock worth $4,173,605. Insiders own 23.60% of the company’s stock.

Hyatt Hotels Stock Performance

H opened at $189.56 on Tuesday. 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 $17.85 billion, a PE ratio of -541.61 and a beta of 1.32. The stock has a 50-day moving average of $187.76 and a 200-day moving average of $169.42. Hyatt Hotels Corporation has a 52-week low of $133.51 and a 52-week high of $206.86.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating 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 quarter last year, the firm posted $0.46 earnings per share. As a group, equities research analysts forecast that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

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.