Bleakley Financial Group LLC Acquires New Stake in Hyatt Hotels Co. (NYSE:H)

Bleakley Financial Group LLC purchased a new stake in shares of Hyatt Hotels Co. (NYSE:H) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,361 shares of the company’s stock, valued at approximately $214,000.

Several other large investors have also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Hyatt Hotels during the 3rd quarter valued at approximately $30,000. Exchange Traded Concepts LLC boosted its stake in shares of Hyatt Hotels by 81.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,363 shares of the company’s stock worth $1,425,000 after buying an additional 4,216 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Hyatt Hotels by 31.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 485 shares of the company’s stock valued at $74,000 after buying an additional 115 shares during the last quarter. Procyon Advisors LLC increased its holdings in Hyatt Hotels by 6.2% in the 3rd quarter. Procyon Advisors LLC now owns 3,125 shares of the company’s stock worth $476,000 after acquiring an additional 183 shares in the last quarter. Finally, Creative Planning raised its stake in Hyatt Hotels by 7.1% during the 3rd quarter. Creative Planning now owns 4,544 shares of the company’s stock valued at $692,000 after purchasing an additional 300 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Trading Up 1.9 %

NYSE H opened at $161.96 on Thursday. Hyatt Hotels Co. has a 12 month low of $125.44 and a 12 month high of $168.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 12.20 and a beta of 1.48. The firm’s fifty day moving average price is $157.53 and its 200 day moving average price is $152.49.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on H shares. Jefferies Financial Group increased their price target on Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus raised their target price on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a report on Tuesday, November 26th. Wells Fargo & Company dropped their target price on Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Macquarie decreased their price target on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and a consensus target price of $156.38.

Insider Activity at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares in the company, valued at $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.50% of the stock is owned by insiders.

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.