Fifth Third Bancorp Raises Position in Hyatt Hotels Co. (NYSE:H)

Fifth Third Bancorp increased its position in shares of Hyatt Hotels Co. (NYSE:H) by 31.9% in the 4th quarter, HoldingsChannel reports. The firm owned 467 shares of the company’s stock after purchasing an additional 113 shares during the period. Fifth Third Bancorp’s holdings in Hyatt Hotels were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in H. Asset Management One Co. Ltd. increased its holdings in Hyatt Hotels by 0.4% in the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after buying an additional 66 shares in the last quarter. PFG Investments LLC increased its stake in Hyatt Hotels by 1.5% in the 3rd quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after purchasing an additional 70 shares in the last quarter. Hunter Associates Investment Management LLC boosted its position in Hyatt Hotels by 0.6% during the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock worth $2,601,000 after purchasing an additional 95 shares in the last quarter. UMB Bank n.a. increased its position in shares of Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock valued at $33,000 after buying an additional 104 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Hyatt Hotels by 21.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 620 shares of the company’s stock worth $94,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The stock was 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 directly owns 5,798 shares in the company, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

NYSE:H opened at $158.44 on Friday. The company has a market cap of $15.22 billion, a P/E ratio of 11.94 and a beta of 1.48. The firm’s 50 day moving average is $157.06 and its two-hundred day moving average is $152.05. Hyatt Hotels Co. has a fifty-two week low of $125.44 and a fifty-two week high of $168.20. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter last year, the firm earned $0.70 earnings per share. Analysts expect that Hyatt Hotels Co. will post 3.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays lifted their target price on shares of Hyatt Hotels from $144.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Macquarie reduced their target price on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Mizuho reduced their price objective on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, The Goldman Sachs Group lifted their price objective on Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Fourteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $156.48.

About Hyatt Hotels

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.