Oppenheimer Asset Management Inc. Sells 916 Shares of Hyatt Hotels Co. (NYSE:H)

Posted by on May 6th, 2023

Oppenheimer Asset Management Inc. decreased its holdings in shares of Hyatt Hotels Co. (NYSE:H – Get Rating) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,709 shares of the company’s stock after selling 916 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hyatt Hotels were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of H. Westpac Banking Corp bought a new position in shares of Hyatt Hotels in the fourth quarter worth $4,144,000. Emerald Advisers LLC increased its holdings in shares of Hyatt Hotels by 5.2% in the fourth quarter. Emerald Advisers LLC now owns 19,650 shares of the company’s stock worth $1,777,000 after purchasing an additional 975 shares during the period. U S Global Investors Inc. bought a new position in shares of Hyatt Hotels in the fourth quarter worth $452,000. Illinois Municipal Retirement Fund bought a new position in shares of Hyatt Hotels in the fourth quarter worth $688,000. Finally, Mach 1 Financial Group LLC bought a new position in shares of Hyatt Hotels in the fourth quarter worth $544,000. Institutional investors own 46.89% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Peter Sears sold 10,698 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $115.03, for a total transaction of $1,230,590.94. Following the completion of the transaction, the insider now directly owns 5,315 shares of the company’s stock, valued at $611,384.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Cary D. Mcmillan sold 1,790 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $113.93, for a total transaction of $203,934.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Sears sold 10,698 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $115.03, for a total transaction of $1,230,590.94. Following the completion of the transaction, the insider now directly owns 5,315 shares of the company’s stock, valued at $611,384.45. The disclosure for this sale can be found here. Insiders sold a total of 77,357 shares of company stock worth $8,726,994 over the last three months. Company insiders own 21.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on H shares. TheStreet upgraded shares of Hyatt Hotels from a “c” rating to a “b” rating in a research report on Monday, March 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Hyatt Hotels from $113.00 to $121.00 in a research report on Friday. Wells Fargo & Company lowered shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $111.00 to $113.00 in a research report on Thursday, January 26th. StockNews.com started coverage on shares of Hyatt Hotels in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Barclays lowered shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $130.00 to $125.00 in a research report on Thursday, March 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.50.

Hyatt Hotels Stock Performance

NYSE H opened at $116.30 on Friday. The company has a 50-day simple moving average of $112.61 and a two-hundred day simple moving average of $104.07. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.66. Hyatt Hotels Co. has a 12-month low of $70.12 and a 12-month high of $125.07. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 28.23 and a beta of 1.36.

Hyatt Hotels (NYSE:H – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06). Hyatt Hotels had a net margin of 7.72% and a return on equity of 10.22%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned ($0.33) earnings per share. On average, equities analysts forecast that Hyatt Hotels Co. will post 2.59 EPS for the current year.

Hyatt Hotels Profile

(Get Rating)

Hyatt Hotels Corp. engages in the development and management of resort and hotel chains. It operates through the following segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group. The Owned and Leased Hotels segment offers hospitality services and hotels.

Further Reading

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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