Scientech Research LLC Sells 686 Shares of Hyatt Hotels Co. (NYSE:H)

Scientech Research LLC lowered its holdings in Hyatt Hotels Co. (NYSE:H) by 27.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,801 shares of the company’s stock after selling 686 shares during the quarter. Scientech Research LLC’s holdings in Hyatt Hotels were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Millennium Management LLC grew its position in Hyatt Hotels by 700.5% during the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after purchasing an additional 107,412 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in Hyatt Hotels in the second quarter valued at approximately $501,000. Dimension Capital Management LLC increased its holdings in Hyatt Hotels by 7.3% in the 2nd quarter. Dimension Capital Management LLC now owns 2,611 shares of the company’s stock worth $397,000 after buying an additional 178 shares during the period. DigitalBridge Group Inc. purchased a new position in Hyatt Hotels during the 2nd quarter worth approximately $5,469,000. Finally, APG Asset Management N.V. acquired a new stake in Hyatt Hotels during the 2nd quarter valued at approximately $524,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $92,373,585.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 23.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI reduced their target price on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a report on Wednesday, August 7th. Morgan Stanley reduced their price objective on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Sanford C. Bernstein lowered their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Truist Financial reduced their price target on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $148.21.

Hyatt Hotels Stock Down 3.9 %

H stock opened at $152.12 on Tuesday. 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 firm has a 50-day simple moving average of $146.15 and a 200-day simple moving average of $149.60. The stock has a market capitalization of $15.39 billion, a P/E ratio of 23.62 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same period in the previous year, the business earned $0.82 EPS. Equities analysts forecast that Hyatt Hotels Co. will post 3.95 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s payout ratio is currently 9.32%.

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.