AdvisorShares Investments LLC Raises Position in Hyatt Hotels Co. (NYSE:H)

AdvisorShares Investments LLC raised its holdings in Hyatt Hotels Co. (NYSE:H) by 23.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 559 shares of the company’s stock after buying an additional 108 shares during the period. AdvisorShares Investments LLC’s holdings in Hyatt Hotels were worth $83,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in H. LRI Investments LLC purchased a new stake in shares of Hyatt Hotels during the 1st quarter worth $26,000. Riverview Trust Co purchased a new stake in shares of Hyatt Hotels during the 1st quarter worth $27,000. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels during the 2nd quarter worth $30,000. Quadrant Capital Group LLC lifted its position in shares of Hyatt Hotels by 49.8% during the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Hyatt Hotels during the 1st quarter worth $53,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on H. Truist Financial reduced 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” 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. Mizuho reduced their price target on shares of Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Macquarie reduced their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $148.06.

Hyatt Hotels Trading Up 0.0 %

Shares of Hyatt Hotels stock opened at $145.29 on Friday. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $162.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The company’s 50-day simple moving average is $146.54 and its 200-day simple moving average is $149.97. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 22.56 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business posted $0.82 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 3.97 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

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.