SG Americas Securities LLC Boosts Stake in Hyatt Hotels Co. (NYSE:H)

SG Americas Securities LLC boosted its stake in Hyatt Hotels Co. (NYSE:H) by 457.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,547 shares of the company’s stock after acquiring an additional 23,427 shares during the period. SG Americas Securities LLC’s holdings in Hyatt Hotels were worth $3,497,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in H. Townsquare Capital LLC increased its position in Hyatt Hotels by 3.4% during the 4th quarter. Townsquare Capital LLC now owns 2,801 shares of the company’s stock worth $440,000 after purchasing an additional 92 shares during the period. Kensington Investment Counsel LLC grew its holdings in Hyatt Hotels by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company’s stock worth $2,136,000 after acquiring an additional 95 shares during the period. Bridges Investment Management Inc. raised its position in Hyatt Hotels by 2.3% in the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company’s stock worth $681,000 after acquiring an additional 99 shares in the last quarter. Arizona State Retirement System lifted its holdings in Hyatt Hotels by 0.9% in the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock valued at $2,049,000 after acquiring an additional 110 shares during the period. Finally, Snowden Capital Advisors LLC boosted its position in shares of Hyatt Hotels by 2.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company’s stock worth $789,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $130.43 on Friday. The business’s fifty day moving average price is $123.14 and its two-hundred day moving average price is $138.28. The stock has a market cap of $12.45 billion, a PE ratio of 10.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a one year low of $102.43 and a one year high of $168.20.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 7.79%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the sale, the director now directly owns 37,825 shares of the company’s stock, valued at approximately $5,106,375. This trade represents a 4.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kinsey Wolf sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now directly owns 811 shares in the company, valued at approximately $99,712.45. The trade was a 55.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 381,111 shares of company stock worth $50,431,766. 23.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on H. Melius Research upgraded shares of Hyatt Hotels to a “strong-buy” rating in a report on Monday, April 21st. Mizuho dropped their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Truist Financial dropped their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a “buy” rating for the company in a report on Friday, May 30th. Susquehanna upped their price target on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Macquarie lowered their price target on Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and an average target price of $149.72.

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.