Commerce Bank Acquires 1,827 Shares of Hyatt Hotels Corporation (NYSE:H)

Key Points

• Commerce Bank increased its holdings in Hyatt Hotels Corporation by 3.8%, owning 49,339 shares valued at approximately $6.04 million after acquiring 1,827 additional shares.
• In the latest earnings report, Hyatt Hotels posted $0.46 earnings per share, surpassing the consensus estimate of $0.30, though revenues were slightly below expectations at $1.68 billion.
• Hyatt Hotels' stock has seen significant analyst interest, with two strong buy ratings and a current consensus target price of $150.74, indicating positive outlook despite some price adjustments from other analysts.

Commerce Bank lifted its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,339 shares of the company's stock after purchasing an additional 1,827 shares during the period. Commerce Bank owned 0.05% of Hyatt Hotels worth $6,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in H. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust acquired a new position in Hyatt Hotels during the first quarter worth approximately $31,000. UMB Bank n.a. lifted its holdings in Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after purchasing an additional 290 shares during the last quarter. 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 currently owned by institutional investors.

Hyatt Hotels Stock Performance

NYSE:H traded up $3.45 during trading on Thursday, reaching $139.50. The company's stock had a trading volume of 173,733 shares, compared to its average volume of 939,666. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 2.30 and a beta of 1.46. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day moving average of $140.26 and a 200-day moving average of $134.52.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. During the same period last year, the business earned $1.53 EPS. Research analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Jnp Parachute Mirror Trust K sold 44,466 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $5,902,861.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $132.75, for a total transaction of $7,083,672.75. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock valued at $49,273,516 in the last quarter. Insiders own 23.70% of the company's stock.

Wall Street Analyst Weigh In

H has been the topic of a number of analyst reports. Evercore ISI reduced their price target on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price target on Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Barclays raised their target price on Hyatt Hotels from $122.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their target price on Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of "Moderate Buy" and a consensus price target of $150.74.

Hyatt Hotels Company 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.