Cetera Investment Advisers Increases Stock Position in Hyatt Hotels Corporation (NYSE:H)

Cetera Investment Advisers increased its position in shares of Hyatt Hotels Corporation (NYSE:H) by 43.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,387 shares of the company’s stock after buying an additional 2,534 shares during the period. Cetera Investment Advisers’ holdings in Hyatt Hotels were worth $1,027,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in H. State of Alaska Department of Revenue raised its position in shares of Hyatt Hotels by 127.9% in the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company’s stock valued at $1,346,000 after buying an additional 6,170 shares during the last quarter. Bridges Investment Management Inc. raised its position in shares of Hyatt Hotels by 87.0% in the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company’s stock valued at $995,000 after buying an additional 3,778 shares during the last quarter. TT International Asset Management LTD raised its position in shares of Hyatt Hotels by 10.0% in the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company’s stock valued at $4,535,000 after buying an additional 3,360 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Hyatt Hotels in the first quarter valued at about $488,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Hyatt Hotels in the first quarter valued at about $490,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hyatt Hotels

In related news, major shareholder Hotels Corp Hyatt bought 996,587 shares of Hyatt Hotels stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the acquisition, the insider owned 117,077,441 shares in the company, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total value of $7,083,672.75. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock worth $49,273,516 over the last quarter. Insiders own 23.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on H shares. Wall Street Zen raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday. Macquarie lowered their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Evercore ISI lowered their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Robert W. Baird increased their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 target price for the company in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average target price of $152.26.

Hyatt Hotels Trading Down 0.7%

Shares of H opened at $134.96 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The business’s 50-day moving average price is $140.57 and its 200 day moving average price is $133.83. The stock has a market capitalization of $12.88 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.29 and a beta of 1.46.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. Hyatt Hotels had a return on equity of 6.59% and a net margin of 6.39%. During the same period in the previous year, the company earned $1.53 EPS. Analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Hyatt Hotels’s payout ratio is currently 14.25%.

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.