Mediolanum International Funds Ltd Invests $324,000 in Hyatt Hotels Co. (NYSE:H)

Mediolanum International Funds Ltd acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) in the fourth quarter, Holdings Channel.com reports. The fund acquired 2,056 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds also recently made changes to their positions in H. AQR Capital Management LLC bought a new stake in Hyatt Hotels in the second quarter worth $902,000. Millennium Management LLC lifted its stake in Hyatt Hotels by 700.5% in the second quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after purchasing an additional 107,412 shares during the last quarter. Creative Planning lifted its stake in Hyatt Hotels by 16.6% in the second quarter. Creative Planning now owns 4,244 shares of the company’s stock worth $645,000 after purchasing an additional 603 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Hyatt Hotels by 8.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,996 shares of the company’s stock worth $303,000 after purchasing an additional 149 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Hyatt Hotels in the second quarter worth $610,000. 73.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

H has been the subject of several recent research reports. Cfra set a $155.00 price target on shares of Hyatt Hotels in a research note on Thursday, October 17th. Mizuho lowered their price objective on shares of Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. The Goldman Sachs Group upped their price objective on shares of Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their price objective on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Finally, Macquarie lowered their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and a consensus price target of $156.48.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This 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 the SEC website. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Trading Down 0.4 %

NYSE:H opened at $158.44 on Monday. The company’s 50 day moving average price is $157.06 and its 200-day moving average price is $152.02. Hyatt Hotels Co. has a 52 week low of $125.44 and a 52 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. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 11.94 and a beta of 1.48.

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

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.