Sanctuary Advisors LLC bought a new position in shares of Hyatt Hotels Corporation (NYSE:H – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,459 shares of the company’s stock, valued at approximately $1,264,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in Hyatt Hotels by 48.0% during the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after purchasing an additional 1,516,554 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Hyatt Hotels during the 2nd quarter valued at approximately $249,931,000. Veritas Asset Management LLP increased its stake in shares of Hyatt Hotels by 827.9% in the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock worth $304,675,000 after buying an additional 1,695,616 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after buying an additional 43,733 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Hyatt Hotels by 15.8% in the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after acquiring an additional 193,530 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.
Insider Activity at Hyatt Hotels
In other news, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 2,087 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total value of $392,356.00. Following the transaction, the insider owned 16,638 shares of the company’s stock, valued at approximately $3,127,944. This represents a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 23.60% of the stock is currently owned by company insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on Hyatt Hotels
Hyatt Hotels Stock Performance
H stock opened at $173.20 on Friday. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 211.22 and a beta of 1.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s fifty day moving average is $185.57 and its two-hundred day moving average is $172.73.
Hyatt Hotels (NYSE:H – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. On average, research analysts predict that Hyatt Hotels Corporation will post 3.54 EPS for the current year.
Hyatt Hotels Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 73.17%.
About Hyatt Hotels
Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt’s business model combines property ownership, management contracts and third-party franchising.
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