Sequoia Financial Advisors LLC Boosts Stock Position in Hyatt Hotels Corporation $H

Sequoia Financial Advisors LLC increased its stake in Hyatt Hotels Corporation (NYSE:H) by 26.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,066 shares of the company’s stock after acquiring an additional 852 shares during the period. Sequoia Financial Advisors LLC’s holdings in Hyatt Hotels were worth $568,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Hyatt Hotels by 127.9% in the 1st quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company’s stock valued at $1,346,000 after acquiring an additional 6,170 shares during the last quarter. SCS Capital Management LLC bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $407,000. Bridges Investment Management Inc. lifted its stake in shares of Hyatt Hotels by 87.0% in the 1st quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company’s stock valued at $995,000 after acquiring an additional 3,778 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $1,155,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Hyatt Hotels by 12.7% in the 1st quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company’s stock valued at $3,386,000 after acquiring an additional 3,117 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Trading Up 1.0%

H opened at $145.64 on Monday. The stock has a market cap of $13.91 billion, a PE ratio of 34.59, a PEG ratio of 2.29 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average of $143.08 and a 200-day moving average of $135.18. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same quarter last year, the business posted $1.53 EPS. Equities research analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 14.25%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lowered their target price on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hyatt Hotels in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a “hold” rating to a “buy” rating in a research report on Monday, July 14th. Robert W. Baird upped their price target on Hyatt Hotels from $148.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Raymond James Financial raised Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 price target for the company in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $152.56.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total value of $587,395.00. Following the sale, the insider owned 16,756 shares in the company, valued at $2,429,620. This represents a 19.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 23.70% of the stock is owned by insiders.

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.