Nilsine Partners LLC acquired a new stake in shares of Hyatt Hotels Corporation (NYSE:H – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,683 shares of the company’s stock, valued at approximately $4,009,000.
Several other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP raised its position in Hyatt Hotels by 48.0% in the 4th quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock worth $749,675,000 after buying an additional 1,516,554 shares during the last quarter. Veritas Asset Management LLP boosted its holdings 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 grew its position in Hyatt Hotels by 2.8% during the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after buying an additional 43,733 shares during the period. Bank of America Corp DE increased its holdings in Hyatt Hotels by 15.8% during 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 buying an additional 193,530 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Hyatt Hotels by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 751,607 shares of the company’s stock worth $120,153,000 after acquiring an additional 6,849 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.
Hyatt Hotels Stock Performance
Shares of NYSE H opened at $166.00 on Friday. The stock has a market cap of $15.64 billion, a PE ratio of 202.44 and a beta of 1.34. 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 $181.79 and a 200-day moving average price of $172.69. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62.
Hyatt Hotels Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, August 27th. Hyatt Hotels’s payout ratio is presently 73.17%.
Insider Buying and Selling at Hyatt Hotels
In related news, Director Susan Kronick sold 1,700 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction 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 trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
H has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Wolfe Research initiated coverage on Hyatt Hotels in a report on Wednesday. They issued an “outperform” rating and a $203.00 target price on the stock. Wells Fargo & Company lifted their target price on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. Morgan Stanley cut their price target on Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a report on Tuesday, August 18th. Finally, Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Ten research 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 company presently has an average rating of “Moderate Buy” and an average price target of $197.07.
Read Our Latest Research Report on H
Hyatt Hotels Company Profile
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.
Further Reading
- Five stocks we like better than Hyatt Hotels
- Zscaler’s Strong Quarter Still Left Investors Waiting on 1 Key Signal
- Is Duolingo the Next Netflix-Style Comeback Story?
- GitLab’s AI Tools Are Starting to Turn Developer Demand Into Real Revenue
- GTA VI’s Console Problem Isn’t Take-Two’s Problem
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 Corporation (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.
