Orvieto Partners L.P. Buys 15,000 Shares of Hyatt Hotels Corporation $H

Orvieto Partners L.P. lifted its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 100.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Hyatt Hotels comprises about 3.7% of Orvieto Partners L.P.’s holdings, making the stock its 10th biggest holding. Orvieto Partners L.P.’s holdings in Hyatt Hotels were worth $4,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of H. Allspring Global Investments Holdings LLC raised its stake in shares of Hyatt Hotels by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock worth $41,083,000 after purchasing an additional 32,048 shares during the last quarter. Truist Financial Corp boosted its position in shares of Hyatt Hotels by 970.8% during the fourth quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after buying an additional 16,794 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Hyatt Hotels by 345.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,869 shares of the company’s stock worth $1,422,000 after buying an additional 6,877 shares in the last quarter. Accredited Investors Inc. bought a new stake in Hyatt Hotels in the 4th quarter worth about $1,146,000. Finally, Davidson Investment Advisors raised its position in Hyatt Hotels by 287.0% in the 4th quarter. Davidson Investment Advisors now owns 272,421 shares of the company’s stock worth $43,675,000 after buying an additional 202,031 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Trading Down 2.1%

Hyatt Hotels stock opened at $183.52 on Friday. Hyatt Hotels Corporation has a 52-week low of $133.51 and a 52-week high of $206.86. The company has a market cap of $17.28 billion, a P/E ratio of -524.34 and a beta of 1.32. 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 business has a 50-day simple moving average of $188.89 and a two-hundred day simple moving average of $169.94.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.06. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $0.46 EPS. Analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on H shares. Mizuho raised their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Sanford C. Bernstein boosted their price objective on shares of Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Wells Fargo & Company raised their target price on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Finally, HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a research report on Thursday, June 4th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average price target of $198.29.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,119 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 31,225 shares in the company, valued at approximately $5,449,074.75. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 2,087 shares of Hyatt Hotels stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total transaction of $392,356.00. Following the transaction, the insider owned 16,638 shares in the company, valued at $3,127,944. This represents a 11.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 23,224 shares of company stock valued at $4,173,605 in the last ninety days. Corporate insiders own 23.60% of the company’s stock.

Hyatt Hotels Company 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.