Susquehanna Fundamental Investments LLC Sells 1,600 Shares of Hyatt Hotels Co. (NYSE:H)

Susquehanna Fundamental Investments LLC lessened its position in shares of Hyatt Hotels Co. (NYSE:H) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,000 shares of the company’s stock after selling 1,600 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Hyatt Hotels were worth $1,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in H. Bain Capital Public Equity Management II LLC acquired a new position in Hyatt Hotels during the 4th quarter worth approximately $57,284,000. Artemis Investment Management LLP acquired a new position in Hyatt Hotels during the 1st quarter worth approximately $48,302,000. Allspring Global Investments Holdings LLC increased its position in Hyatt Hotels by 333.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after acquiring an additional 199,773 shares during the period. Interval Partners LP increased its position in Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company’s stock valued at $36,510,000 after acquiring an additional 182,297 shares during the period. Finally, Principal Financial Group Inc. increased its position in Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on H. Truist Financial decreased their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Evercore ISI decreased their price target on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Robert W. Baird decreased their price target on shares of Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Sanford C. Bernstein reduced their price objective on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $148.21.

Hyatt Hotels Stock Down 1.8 %

Shares of NYSE H opened at $149.50 on Wednesday. The firm has a market cap of $15.13 billion, a PE ratio of 23.21 and a beta of 1.50. Hyatt Hotels Co. has a 12-month low of $96.77 and a 12-month high of $162.24. The company’s fifty day simple moving average is $146.04 and its 200 day simple moving average is $149.57. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the firm earned $0.82 earnings per share. As a group, sell-side analysts forecast that Hyatt Hotels Co. will post 3.95 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 9.32%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at $93,389,982.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 23.50% of the company’s stock.

About Hyatt Hotels

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.