Hyatt Hotels Co. (NYSE:H) Shares Bought by M&T Bank Corp

M&T Bank Corp boosted its holdings in shares of Hyatt Hotels Co. (NYSE:HGet Rating) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,152 shares of the company’s stock after buying an additional 198 shares during the quarter. M&T Bank Corp’s holdings in Hyatt Hotels were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 6.5% in the 1st quarter. Principal Financial Group Inc. now owns 2,521,719 shares of the company’s stock valued at $240,699,000 after purchasing an additional 153,375 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Hyatt Hotels in the 1st quarter valued at approximately $220,088,000. Wellington Management Group LLP increased its position in shares of Hyatt Hotels by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 2,026,100 shares of the company’s stock valued at $193,391,000 after purchasing an additional 41,987 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Hyatt Hotels by 5.2% in the 2nd quarter. Bank of Nova Scotia now owns 1,749,205 shares of the company’s stock valued at $129,283,000 after purchasing an additional 86,171 shares during the last quarter. Finally, Eaton Vance Management increased its position in shares of Hyatt Hotels by 3.1% in the 1st quarter. Eaton Vance Management now owns 1,535,718 shares of the company’s stock valued at $146,584,000 after purchasing an additional 46,465 shares during the last quarter. 46.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 43,418 shares of Hyatt Hotels stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $90.42, for a total transaction of $3,925,855.56. Following the completion of the sale, the insider now directly owns 436,951 shares in the company, valued at $39,509,109.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 21.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Robert W. Baird increased their target price on shares of Hyatt Hotels from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, August 24th. Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Tuesday, September 27th. TheStreet raised shares of Hyatt Hotels from a “c+” rating to a “b-” rating in a research report on Thursday, October 27th. Finally, Berenberg Bank raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $105.00 in a research report on Thursday, September 15th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average target price of $103.38.

Hyatt Hotels Stock Performance

NYSE:H opened at $94.13 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $87.80 and a two-hundred day moving average price of $85.17. Hyatt Hotels Co. has a twelve month low of $70.12 and a twelve month high of $108.10. The company has a market capitalization of $10.08 billion, a P/E ratio of 80.45 and a beta of 1.37.

Hyatt Hotels Profile

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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/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.

Further Reading

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

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