Malaga Cove Capital LLC Boosts Position in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Malaga Cove Capital LLC increased its stock holdings in Hyatt Hotels by 69.1%, owning 7,150 shares worth approximately $876,000 after purchasing an additional 2,921 shares in the first quarter.
• Hyatt Hotels reported earnings of $0.46 per share for the latest quarter, exceeding analyst estimates by $0.16, but had a revenue of $1.68 billion, falling short of forecasts.
• Insider sales have been significant, with over $49 million worth of company stock sold by insiders in the past three months, which accounts for 23.70% of the stock owned by corporate insiders.

Malaga Cove Capital LLC boosted its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 69.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,150 shares of the company's stock after buying an additional 2,921 shares during the quarter. Malaga Cove Capital LLC's holdings in Hyatt Hotels were worth $876,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Bernard Wealth Management Corp. bought a new position in Hyatt Hotels during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in Hyatt Hotels during the 1st quarter worth approximately $31,000. UMB Bank n.a. raised 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. Flynn Zito Capital Management LLC raised its holdings in Hyatt Hotels by 13.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after purchasing an additional 223 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in shares of Hyatt Hotels by 120.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company's stock worth $238,000 after buying an additional 829 shares during the period. Institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Performance

Hyatt Hotels stock traded down $3.31 during midday trading on Friday, reaching $137.66. The stock had a trading volume of 1,012,709 shares, compared to its average volume of 854,039. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20. The firm's 50-day moving average price is $139.84 and its 200 day moving average price is $134.62. The firm has a market capitalization of $13.14 billion, a PE ratio of 17.88, a P/E/G ratio of 2.32 and a beta of 1.46. 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 (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period in the previous year, the business posted $0.71 EPS. As a group, research analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Jefferies Financial Group reduced their price objective on shares of Hyatt Hotels from $161.00 to $120.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective for the company in a research report on Tuesday, July 1st. Truist Financial reduced their price target on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Melius Research raised shares of Hyatt Hotels to a "strong-buy" rating in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $150.74.

Insiders Place Their Bets

In related news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cary D. Mcmillan sold 1,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the sale, the director owned 498 shares in the company, valued at $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 371,111 shares of company stock worth $49,273,516 in the last ninety days. 23.70% of the stock is owned by corporate 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.