Quantbot Technologies LP purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,531 shares of the company’s stock, valued at approximately $500,000.
Several other institutional investors and hedge funds also recently made changes to their positions in H. Los Angeles Capital Management LLC bought a new position in Hyatt Hotels in the 4th quarter valued at approximately $26,000. Johnson Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 450.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares in the last quarter. DV Equities LLC purchased a new position in shares of Hyatt Hotels in the fourth quarter worth $32,000. NewEdge Advisors LLC lifted its holdings in shares of Hyatt Hotels by 121.4% during the fourth quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Hyatt Hotels during the third quarter valued at $34,000. Institutional investors own 73.54% of the company’s stock.
Hyatt Hotels Trading Down 2.5%
Shares of H stock opened at $173.20 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 211.22 and a beta of 1.33. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86. The firm has a fifty day moving average price of $185.57 and a 200-day moving average price of $172.73.
Hyatt Hotels Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s payout ratio is 73.17%.
Insider Buying and Selling at Hyatt Hotels
In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the sale, the director owned 29,525 shares in the company, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. The sale 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 firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total value of $392,356.00. Following the sale, the insider directly owned 16,638 shares in the company, valued at approximately $3,127,944. This represents a 11.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 23.60% of the company’s stock.
Wall Street Analyst Weigh In
H has been the subject of several research analyst reports. Sanford C. Bernstein lifted their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Stifel Nicolaus set a $182.00 price target on shares of Hyatt Hotels in a report on Friday, May 29th. Susquehanna lifted their price target on shares of Hyatt Hotels from $180.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Barclays lowered their price objective on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $196.64.
View Our Latest Stock Analysis on H
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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