Allianz Asset Management GmbH Takes $882,000 Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Allianz Asset Management has invested approximately $882,000 in Hyatt Hotels Corporation by acquiring 7,200 shares during the first quarter.
• Insider sales increased recently, with notable transactions including David Udell selling over 3,891 shares, which reflects a 18.85% decrease in his position.
• Hyatt Hotels’ stock is currently down 2.3%, closing at $137.66, with analysts providing varied ratings and target prices, resulting in a consensus rating of "Moderate Buy."

Allianz Asset Management GmbH bought a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,200 shares of the company's stock, valued at approximately $882,000.

Several other large investors have also made changes to their positions in the business. Bernard Wealth Management Corp. purchased a new stake in shares of Hyatt Hotels during the fourth quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in Hyatt Hotels by 138.8% in the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after buying an additional 290 shares in the last quarter. Allstate Corp purchased a new stake in Hyatt Hotels in the 4th quarter valued at $221,000. Aster Capital Management DIFC Ltd grew its holdings in Hyatt Hotels by 120.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company's stock valued at $238,000 after buying an additional 829 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in Hyatt Hotels by 20.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company's stock valued at $290,000 after buying an additional 316 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on H shares. Macquarie lowered their price target on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Evercore ISI lowered their price target on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price for the company in a report on Tuesday, July 1st. The Goldman Sachs Group raised their target price on Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a report on Friday, May 2nd. Finally, Melius Research upgraded Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of "Moderate Buy" and a consensus target price of $150.74.

Insider Activity

In other news, insider David Udell sold 3,891 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total value of $521,510.73. Following the completion of the transaction, the insider directly owned 16,756 shares of the company's stock, valued at $2,245,806.68. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The disclosure for this sale can be found here. Insiders sold a total of 371,111 shares of company stock valued at $49,273,516 in the last 90 days. Insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $1.73 during trading on Tuesday, reaching $136.50. The company's stock had a trading volume of 272,240 shares, compared to its average volume of 937,302. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $168.20. The company has a market capitalization of $13.03 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 2.32 and a beta of 1.46. The business has a 50 day moving average price of $140.06 and a 200-day moving average price of $134.49.

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.