ING Groep NV Reduces Stock Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• ING Groep NV has decreased its stake in Hyatt Hotels Corporation by 41.1%, leaving it with 37,700 shares valued at approximately $4.6 million.
• Several institutional investors, including Bank of Nova Scotia and Malaga Cove Capital LLC, have increased their holdings in Hyatt Hotels, reflecting a diverse range of investment strategies in the company.
• Analysts have mixed opinions on Hyatt's stock, with target prices ranging from $110.00 to $156.75 and a consensus rating of "Moderate Buy."

ING Groep NV lessened its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 41.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,700 shares of the company's stock after selling 26,300 shares during the period. ING Groep NV's holdings in Hyatt Hotels were worth $4,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Nova Scotia raised its position in Hyatt Hotels by 9.3% during the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after purchasing an additional 160,461 shares in the last quarter. Malaga Cove Capital LLC boosted its holdings in shares of Hyatt Hotels by 69.1% during the first quarter. Malaga Cove Capital LLC now owns 7,150 shares of the company's stock worth $876,000 after purchasing an additional 2,921 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Hyatt Hotels by 67.3% during the first quarter. PNC Financial Services Group Inc. now owns 3,852 shares of the company's stock worth $472,000 after purchasing an additional 1,549 shares during the period. Commerce Bank boosted its holdings in shares of Hyatt Hotels by 3.8% during the first quarter. Commerce Bank now owns 49,339 shares of the company's stock worth $6,044,000 after purchasing an additional 1,827 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Hyatt Hotels during the first quarter worth about $297,000. Hedge funds and other institutional investors own 73.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on H shares. Stifel Nicolaus dropped their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. The Goldman Sachs Group increased their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a report on Friday, May 2nd. Jefferies Financial Group lowered their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Macquarie lowered their price objective on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.74.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $136.63 on Wednesday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The firm has a market cap of $13.04 billion, a P/E ratio of 17.74, a PEG ratio of 2.33 and a beta of 1.46. The company has a 50 day moving average of $140.15 and a 200 day moving average of $134.51. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Insider Buying and Selling

In related news, insider David Udell sold 3,891 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were 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 in the company, valued at $2,245,806.68. The trade was a 18.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $13.50 per share, with a total value of $13,453,924.50. Following the completion of the acquisition, the insider owned 117,077,441 shares in the company, valued at $1,580,545,453.50. The trade was a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 371,111 shares of company stock worth $49,273,516 over the last 90 days. 23.70% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Corporation (NYSE:H - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.