SummitTX Capital L.P. Has $8.61 Million Stock Holdings in Hyatt Hotels Corporation $H

SummitTX Capital L.P. boosted its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 250.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,894 shares of the company’s stock after purchasing an additional 42,785 shares during the quarter. SummitTX Capital L.P.’s holdings in Hyatt Hotels were worth $8,612,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in H. Fifth Third Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 4.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after acquiring an additional 60 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Hyatt Hotels by 18.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock valued at $74,000 after purchasing an additional 72 shares during the last quarter. Allworth Financial LP boosted its holdings in Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock valued at $69,000 after purchasing an additional 73 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after purchasing an additional 79 shares during the last quarter. Finally, Ethic Inc. increased its holdings in shares of Hyatt Hotels by 3.5% during the 4th quarter. Ethic Inc. now owns 2,533 shares of the company’s stock worth $406,000 after purchasing an additional 85 shares during the period. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $187.00 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a fifty day moving average price of $189.25 and a two-hundred day moving average price of $170.10. Hyatt Hotels Corporation has a 52-week low of $133.51 and a 52-week high of $206.86. The firm has a market capitalization of $17.61 billion, a P/E ratio of -534.29 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.58 EPS for the current fiscal year.

Insider Activity

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $185.66, for a total value of $1,896,888.22. Following the transaction, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. The trade was a 61.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 1,119 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $174.96, for a total transaction of $195,780.24. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,224 shares of company stock valued at $4,173,605. Company insiders own 23.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on H. Mizuho upped their price objective on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Morgan Stanley upped their price target on Hyatt Hotels from $208.00 to $218.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Sanford C. Bernstein raised their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. lifted their price objective on Hyatt Hotels from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Susquehanna lowered their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.29.

Hyatt Hotels 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.