Universal Beteiligungs und Servicegesellschaft mbH Invests $1.47 Million in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $1.47 million in Hyatt Hotels Corporation, acquiring 12,033 shares during the first quarter of 2023.
• 73.54% of Hyatt's stock is currently owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Hyatt recently reported quarterly earnings of $0.46 per share, surpassing estimates, although revenue of $1.68 billion fell slightly short of analyst expectations.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,033 shares of the company's stock, valued at approximately $1,474,000.

Several other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its stake in Hyatt Hotels by 72.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 3,740 shares of the company's stock valued at $458,000 after acquiring an additional 1,565 shares in the last quarter. Flynn Zito Capital Management LLC lifted its stake in shares of Hyatt Hotels by 13.2% during the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after buying an additional 223 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Hyatt Hotels during the first quarter worth $882,000. Cullen Frost Bankers Inc. lifted its stake in shares of Hyatt Hotels by 5.9% during the first quarter. Cullen Frost Bankers Inc. now owns 73,178 shares of the company's stock worth $8,964,000 after buying an additional 4,090 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Hyatt Hotels by 53.3% during the first quarter. Victory Capital Management Inc. now owns 44,111 shares of the company's stock worth $5,404,000 after buying an additional 15,346 shares during the period. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jnp Parachute Mirror Trust K sold 44,466 shares of the firm's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total value of $5,902,861.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of Hyatt Hotels stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the transaction, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. The trade was a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 371,111 shares of company stock worth $49,273,516 over the last ninety days. Insiders own 23.70% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on H. Morgan Stanley decreased their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Macquarie decreased their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Jefferies Financial Group cut 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. The Goldman Sachs Group lifted their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a report on Friday, May 2nd. Finally, Evercore ISI cut their price objective on shares of Hyatt Hotels from $175.00 to $160.00 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 given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.74.

Hyatt Hotels Stock Down 1.3%

H traded down $1.73 during trading hours on Tuesday, reaching $136.50. 272,240 shares of the stock traded hands, compared to its average volume of 937,302. The firm's fifty day simple moving average is $140.06 and its two-hundred day simple moving average is $134.49. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.32 and a beta of 1.46. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98.

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.