Securian Asset Management Inc. purchased a new stake in Hyatt Hotels Co. (NYSE:H – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,732 shares of the company’s stock, valued at approximately $487,000.
Several other institutional investors have also recently added to or reduced their stakes in H. Procyon Advisors LLC increased its position in Hyatt Hotels by 3.8% during the 4th quarter. Procyon Advisors LLC now owns 2,627 shares of the company’s stock worth $343,000 after purchasing an additional 96 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares during the period. New York Life Investment Management LLC grew its holdings in shares of Hyatt Hotels by 1.7% in the 4th quarter. New York Life Investment Management LLC now owns 8,189 shares of the company’s stock worth $1,068,000 after acquiring an additional 134 shares during the period. Red Spruce Capital LLC grew its holdings in shares of Hyatt Hotels by 1.0% in the 4th quarter. Red Spruce Capital LLC now owns 13,912 shares of the company’s stock worth $1,814,000 after acquiring an additional 136 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Hyatt Hotels by 9.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,655 shares of the company’s stock worth $282,000 after acquiring an additional 221 shares during the period. Institutional investors and hedge funds own 71.02% of the company’s stock.
Hyatt Hotels Trading Down 2.2 %
H stock opened at $146.76 on Friday. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 22.79 and a beta of 1.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $153.03 and a 200-day simple moving average of $137.82. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $161.50.
Hyatt Hotels (NYSE:H – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts expect that Hyatt Hotels Co. will post 3.26 EPS for the current year.
Hyatt Hotels Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s dividend payout ratio is currently 9.32%.
Insider Activity at Hyatt Hotels
In other news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the transaction, the insider now owns 459,000 shares of the company’s stock, valued at $72,737,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The disclosure for this sale can be found here. In the last three months, insiders sold 2,084,248 shares of company stock worth $326,572,489. Corporate insiders own 23.50% of the company’s stock.
Analyst Upgrades and Downgrades
H has been the topic of a number of research reports. Truist Financial upped their price target on Hyatt Hotels from $143.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. TD Cowen upped their target price on Hyatt Hotels from $95.00 to $160.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Barclays upped their target price on Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Robert W. Baird upped their target price on Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus upped their target price on Hyatt Hotels from $146.00 to $154.00 and gave the company a “hold” rating in a research note on Thursday, April 11th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $148.56.
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.
Read More
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 Co. (NYSE:H – Free Report).
Receive News & Ratings for Hyatt Hotels Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hyatt Hotels and related companies with MarketBeat.com’s FREE daily email newsletter.
This post was originally published on 3rd party site mentioned in the title of this site
