Hyatt Hotels Corporation $H Shares Bought by SouthState Corp

by · The Markets Daily

SouthState Corp grew its stake in shares of Hyatt Hotels Corporation (NYSE:H – Free Report) by 14.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,990 shares of the company’s stock after purchasing an additional 4,147 shares during the quarter. SouthState Corp’s holdings in Hyatt Hotels were worth $4,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hunter Associates Investment Management LLC lifted its stake in shares of Hyatt Hotels by 75.4% during the second quarter. Hunter Associates Investment Management LLC now owns 29,859 shares of the company’s stock worth $4,173,000 after purchasing an additional 12,832 shares in the last quarter. Tredje AP fonden lifted its stake in shares of Hyatt Hotels by 124.8% during the second quarter. Tredje AP fonden now owns 8,051 shares of the company’s stock worth $1,124,000 after purchasing an additional 4,470 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Hyatt Hotels by 16.3% during the second quarter. Gilbert & Cook Inc. now owns 2,000 shares of the company’s stock worth $279,000 after purchasing an additional 281 shares in the last quarter. Strs Ohio acquired a new position in shares of Hyatt Hotels during the second quarter worth about $1,366,000. Finally, Atria Investments Inc lifted its stake in shares of Hyatt Hotels by 4.1% during the second quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock worth $288,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the transaction, the insider directly owned 16,756 shares of the company’s stock, valued at approximately $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.70% of the company’s stock.

Analysts Set New Price Targets

H has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Hyatt Hotels in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Monday, July 14th. Barclays lowered their price objective on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Finally, Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $138.00 to $167.00 in a report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.53.

Check Out Our Latest Stock Report on H

Hyatt Hotels Stock Up 1.9%

NYSE:H opened at $138.01 on Thursday. The firm has a market capitalization of $13.18 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.41. The stock has a 50 day moving average of $143.87 and a 200-day moving average of $138.33. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H – Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same period in the prior year, the company earned $1.53 earnings per share. Analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Company Profile

(Free Report)

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

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