Asset Management One Co. Ltd. Boosts Stake in Hyatt Hotels Corporation $H

Asset Management One Co. Ltd. increased its position in Hyatt Hotels Corporation (NYSE:H) by 5.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,958 shares of the company’s stock after purchasing an additional 800 shares during the period. Asset Management One Co. Ltd.’s holdings in Hyatt Hotels were worth $2,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SCS Capital Management LLC purchased a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $407,000. Bridges Investment Management Inc. lifted its holdings 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 purchasing an additional 3,778 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new stake in Hyatt Hotels during the 1st quarter valued at approximately $1,155,000. Russell Investments Group Ltd. raised its stake in Hyatt Hotels by 12.7% during 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. Finally, Long Pond Capital LP purchased a new stake in Hyatt Hotels during the 1st quarter valued at approximately $191,922,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Down 0.4%

Shares of Hyatt Hotels stock opened at $143.80 on Thursday. The business has a 50-day moving average of $144.30 and a 200-day moving average of $137.26. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $13.73 billion, a PE ratio of 34.16, a P/E/G ratio of 2.55 and a beta of 1.41. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20.

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

Hyatt Hotels Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wall Street Zen downgraded Hyatt Hotels from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 17th. Barclays dropped their target price on Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Citigroup upgraded Hyatt Hotels from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hyatt Hotels in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their target price on Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.76.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of Hyatt Hotels 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 completion of the transaction, the insider directly owned 16,756 shares in the company, valued at $2,429,620. The trade was a 19.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 23.70% of the stock is currently owned by insiders.

Hyatt Hotels 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.