Fmr LLC boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 734,605 shares of the company’s stock after acquiring an additional 107,909 shares during the quarter. Fmr LLC owned 0.69% of Hyatt Hotels worth $49,659,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Hyatt Hotels by 110.2% during the third quarter. JPMorgan Chase & Co. now owns 1,106,350 shares of the company’s stock worth $88,055,000 after acquiring an additional 580,125 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Hyatt Hotels during the fourth quarter worth $61,000. PNC Financial Services Group Inc. grew its holdings in shares of Hyatt Hotels by 66.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,769 shares of the company’s stock worth $119,000 after purchasing an additional 705 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Hyatt Hotels by 1.0% during the third quarter. Vanguard Group Inc now owns 3,880,760 shares of the company’s stock worth $308,870,000 after purchasing an additional 38,758 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Hyatt Hotels by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,880,760 shares of the company’s stock worth $308,870,000 after purchasing an additional 38,758 shares during the last quarter. Hedge funds and other institutional investors own 36.62% of the company’s stock.
Several analysts have recently commented on H shares. Zacks Investment Research cut Hyatt Hotels from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Raymond James restated a “hold” rating on shares of Hyatt Hotels in a report on Wednesday, February 13th. Robert W. Baird set a $89.00 target price on Hyatt Hotels and gave the stock a “buy” rating in a report on Friday, February 15th. Deutsche Bank restated a “hold” rating and set a $75.00 target price on shares of Hyatt Hotels in a report on Sunday, February 17th. Finally, Morgan Stanley set a $73.00 target price on Hyatt Hotels and gave the stock a “hold” rating in a report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Hyatt Hotels has an average rating of “Hold” and a consensus price target of $79.36.
Hyatt Hotels stock opened at $76.77 on Thursday. The stock has a market capitalization of $8.07 billion, a P/E ratio of 38.77, a PEG ratio of 5.32 and a beta of 1.09. Hyatt Hotels Co. has a 12-month low of $63.45 and a 12-month high of $84.89. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.40. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Hyatt Hotels had a return on equity of 5.93% and a net margin of 17.26%. During the same quarter last year, the business earned $0.23 earnings per share. As a group, equities analysts predict that Hyatt Hotels Co. will post 1.31 earnings per share for the current fiscal year.
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About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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