Rockefeller Capital Management L.P. Boosts Stock Position in Hyatt Hotels Corporation $H

Rockefeller Capital Management L.P. raised its stake in Hyatt Hotels Corporation (NYSE:H) by 89.2% during the 4th quarter, HoldingsChannel reports. The firm owned 6,517 shares of the company’s stock after acquiring an additional 3,073 shares during the period. Rockefeller Capital Management L.P.’s holdings in Hyatt Hotels were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in shares of Hyatt Hotels by 18.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after purchasing an additional 72 shares during the last quarter. Allworth Financial LP grew its position 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 buying an additional 73 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $372,000 after buying an additional 79 shares during the period. Gilbert & Cook Inc. raised its position in Hyatt Hotels by 3.5% during the 4th quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock worth $391,000 after buying an additional 83 shares during the last quarter. Finally, US Bancorp DE raised its position in Hyatt Hotels by 2.3% during the 3rd quarter. US Bancorp DE now owns 3,788 shares of the company’s stock worth $538,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Peter Sears sold 10,217 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the sale, the insider directly owned 6,374 shares in the company, valued at approximately $1,183,396.84. The trade was a 61.58% 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 this link. Also, Director Susan D. Kronick sold 1,119 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. This trade represents a 3.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 236,658 shares of company stock worth $39,977,159. 23.60% of the stock is owned by insiders.

Hyatt Hotels Stock Up 0.1%

H stock opened at $191.00 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $181.80 and its 200 day moving average price is $167.29. 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 $17.98 billion, a P/E ratio of -545.71 and a beta of 1.32.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.46 earnings per share. On average, research analysts expect that Hyatt Hotels Corporation will post 3.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

H has been the topic of several analyst reports. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price on the stock in a report on Thursday, June 4th. Mizuho raised 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. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Finally, Truist Financial increased their target price on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.36.

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.