Victory Capital Management Inc. lifted its stake in Hyatt Hotels Corporation (NYSE:H) by 21.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,853 shares of the company’s stock after buying an additional 5,414 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Hyatt Hotels Corporation worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Hyatt Hotels Corporation by 19.5% during the first quarter. Vanguard Group Inc. now owns 2,872,449 shares of the company’s stock worth $155,055,000 after purchasing an additional 469,675 shares during the last quarter. Morgan Stanley lifted its stake in Hyatt Hotels Corporation by 85.5% during the first quarter. Morgan Stanley now owns 2,624,726 shares of the company’s stock worth $141,682,000 after purchasing an additional 1,209,744 shares during the last quarter. Wellington Management Group LLP lifted its stake in Hyatt Hotels Corporation by 8.5% during the first quarter. Wellington Management Group LLP now owns 1,657,114 shares of the company’s stock worth $89,451,000 after purchasing an additional 129,225 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Hyatt Hotels Corporation by 35.8% during the second quarter. Marshall Wace North America L.P. now owns 952,368 shares of the company’s stock worth $53,333,000 after purchasing an additional 251,253 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Hyatt Hotels Corporation during the first quarter worth $37,860,000. Institutional investors and hedge funds own 30.68% of the company’s stock.
In other Hyatt Hotels Corporation news, Director Richard A. Friedman sold 8,654,050 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $57.58, for a total value of $498,300,199.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider R.A. G.C. Trust #8 sold 7,964 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $59.29, for a total transaction of $472,185.56. Following the completion of the sale, the insider now directly owns 7,964 shares of the company’s stock, valued at $472,185.56. The disclosure for this sale can be found here. Insiders sold 8,704,160 shares of company stock valued at $501,282,179 over the last three months. 27.51% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: “Victory Capital Management Inc. Buys 5,414 Shares of Hyatt Hotels Corporation (H)” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://www.themarketsdaily.com/2017/09/11/victory-capital-management-inc-buys-5414-shares-of-hyatt-hotels-corporation-h.html.
Hyatt Hotels Corporation (H) opened at 59.56 on Monday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 29.87 and a beta of 1.25. Hyatt Hotels Corporation has a one year low of $47.94 and a one year high of $61.07. The stock’s 50 day moving average is $57.35 and its 200 day moving average is $55.79.
Hyatt Hotels Corporation (NYSE:H) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.17. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Hyatt Hotels Corporation had a net margin of 5.71% and a return on equity of 6.78%. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, equities research analysts predict that Hyatt Hotels Corporation will post $1.60 earnings per share for the current fiscal year.
H has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on Hyatt Hotels Corporation from $54.00 to $59.00 and gave the stock a “hold” rating in a research note on Monday, May 15th. Robert W. Baird restated a “buy” rating and set a $68.00 target price on shares of Hyatt Hotels Corporation in a research note on Friday. BidaskClub cut Hyatt Hotels Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. FBR & Co restated a “buy” rating on shares of Hyatt Hotels Corporation in a research note on Monday, May 15th. Finally, Deutsche Bank AG restated a “hold” rating and set a $60.00 target price (up from $59.00) on shares of Hyatt Hotels Corporation in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $57.76.
About Hyatt Hotels Corporation
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).
Receive News & Ratings for Hyatt Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels Corporation and related companies with MarketBeat.com's FREE daily email newsletter.