GSA Capital Partners LLP lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,665 shares of the company’s stock after selling 3,311 shares during the period. GSA Capital Partners LLP’s holdings in Hyatt Hotels were worth $968,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in H. Ameriprise Financial Inc. boosted its stake in shares of Hyatt Hotels by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,962 shares of the company’s stock worth $447,000 after acquiring an additional 84 shares during the last quarter. Utah Retirement Systems lifted its stake in shares of Hyatt Hotels by 1.7% during the 2nd quarter. Utah Retirement Systems now owns 6,086 shares of the company’s stock valued at $342,000 after buying an additional 100 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Hyatt Hotels by 3.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 6,712 shares of the company’s stock valued at $377,000 after buying an additional 240 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Hyatt Hotels by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,062 shares of the company’s stock valued at $228,000 after buying an additional 272 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Hyatt Hotels by 11.9% during the 2nd quarter. Royal Bank of Canada now owns 6,974 shares of the company’s stock valued at $392,000 after buying an additional 741 shares in the last quarter. 38.79% of the stock is owned by institutional investors.
Hyatt Hotels Co. (NYSE H) opened at $72.96 on Tuesday. Hyatt Hotels Co. has a 52 week low of $50.21 and a 52 week high of $73.61. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. The company has a market cap of $8,674.58, a PE ratio of 43.95, a P/E/G ratio of 10.42 and a beta of 1.25.
Hyatt Hotels declared that its Board of Directors has initiated a share buyback plan on Thursday, December 14th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, insider Maryam Banikarim sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $61.42, for a total transaction of $614,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider P.G. Penny Trust sold 600,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total transaction of $42,000,000.00. Following the transaction, the insider now owns 600,000 shares of the company’s stock, valued at approximately $42,000,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 996,001 shares of company stock valued at $67,874,548. 27.51% of the stock is owned by corporate insiders.
A number of research firms recently weighed in on H. Wolfe Research upgraded shares of Hyatt Hotels from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 21st. Robert W. Baird set a $78.00 target price on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Friday, December 15th. MKM Partners upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Thursday, December 7th. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Thursday, December 14th. Finally, Berenberg Bank upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and lifted their price target for the company from $69.20 to $78.00 in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Hyatt Hotels presently has an average rating of “Hold” and an average price target of $71.27.
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Hyatt Hotels Profile
Hyatt Hotels Corporation is a global hospitality company. The Company develops, owns, operates, manages, franchises, licenses or provides services to a portfolio of properties. The Company operates through four segments: owned and leased hotels; Americas management and franchising (Americas); ASPAC management and franchising (ASPAC), and EAME/SW Asia management and franchising (EAME/SW Asia).
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