Allspring Global Investments Holdings LLC Purchases 45,397 Shares of Hyatt Hotels Co. (NYSE:H)

Allspring Global Investments Holdings LLC increased its position in shares of Hyatt Hotels Co. (NYSE:HGet Rating) by 14.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,926 shares of the company’s stock after purchasing an additional 45,397 shares during the period. Allspring Global Investments Holdings LLC owned about 0.32% of Hyatt Hotels worth $28,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mirabella Financial Services LLP bought a new stake in Hyatt Hotels in the third quarter valued at $201,000. Wipfli Financial Advisors LLC bought a new stake in Hyatt Hotels in the third quarter valued at $40,000. Janney Montgomery Scott LLC bought a new stake in Hyatt Hotels in the third quarter valued at $214,000. Emerald Mutual Fund Advisers Trust grew its position in Hyatt Hotels by 27.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,802 shares of the company’s stock valued at $146,000 after acquiring an additional 387 shares during the period. Finally, Emerald Advisers LLC grew its position in Hyatt Hotels by 6.1% in the third quarter. Emerald Advisers LLC now owns 18,675 shares of the company’s stock valued at $1,512,000 after acquiring an additional 1,071 shares during the period. 46.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

H has been the topic of several research analyst reports. Berenberg Bank upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $105.00 in a report on Thursday, September 15th. Morgan Stanley initiated coverage on Hyatt Hotels in a report on Monday, December 5th. They set a “top pick” rating and a $136.00 target price on the stock. Barclays increased their target price on Hyatt Hotels from $107.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. TheStreet cut Hyatt Hotels from a “b-” rating to a “c” rating in a report on Wednesday, December 21st. Finally, Wells Fargo & Company increased their target price on Hyatt Hotels to $111.00 in a report on Wednesday, December 14th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Hyatt Hotels Trading Up 1.6 %

NYSE:H opened at $96.70 on Tuesday. Hyatt Hotels Co. has a 1-year low of $70.12 and a 1-year high of $108.10. The business’s 50-day moving average price is $94.35 and its two-hundred day moving average price is $88.10. 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 market capitalization of $10.36 billion, a price-to-earnings ratio of 82.65 and a beta of 1.36.

Hyatt Hotels (NYSE:HGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.33. Hyatt Hotels had a negative return on equity of 6.19% and a net margin of 2.45%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. On average, equities analysts expect that Hyatt Hotels Co. will post 1.07 earnings per share for the current year.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 450 shares of the firm’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $100.73, for a total transaction of $45,328.50. Following the sale, the insider now owns 5,317 shares of the company’s stock, valued at $535,581.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 21.24% of the company’s stock.

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.

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

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