Pacer Advisors Inc. Trims Position in Hyatt Hotels Co. (NYSE:H)

Pacer Advisors Inc. cut its position in shares of Hyatt Hotels Co. (NYSE:H) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,310 shares of the company’s stock after selling 217 shares during the period. Pacer Advisors Inc.’s holdings in Hyatt Hotels were worth $991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Icon Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after purchasing an additional 130,724 shares during the period. KBC Group NV grew its stake in shares of Hyatt Hotels by 978.3% in the fourth quarter. KBC Group NV now owns 108,966 shares of the company’s stock valued at $17,106,000 after buying an additional 98,861 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after buying an additional 68,608 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in Hyatt Hotels by 87.2% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 140,805 shares of the company’s stock worth $21,431,000 after acquiring an additional 65,577 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Hyatt Hotels by 3.3% during the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock worth $267,192,000 after purchasing an additional 56,082 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

H stock opened at $156.89 on Tuesday. Hyatt Hotels Co. has a 1 year low of $125.44 and a 1 year high of $168.20. The firm has a market cap of $15.07 billion, a P/E ratio of 11.82 and a beta of 1.48. The stock’s 50 day moving average price is $156.99 and its 200 day moving average price is $152.05. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Robert W. Baird lifted their price objective on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. HSBC downgraded Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Friday, November 1st. Finally, Bank of America boosted their target price on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $156.48.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Profile

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