Natixis bought a new stake in Hyatt Hotels Co. (NYSE:H) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,047 shares of the company’s stock, valued at approximately $919,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Bamco Inc. NY grew its holdings in shares of Hyatt Hotels by 6.0% during the first quarter. Bamco Inc. NY now owns 4,722,351 shares of the company’s stock worth $360,126,000 after purchasing an additional 265,354 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Hyatt Hotels by 8.5% during the first quarter. BlackRock Inc. now owns 1,991,426 shares of the company’s stock worth $151,865,000 after purchasing an additional 155,595 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Hyatt Hotels by 13.9% during the fourth quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock worth $86,886,000 after purchasing an additional 144,212 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Hyatt Hotels by 4.5% during the fourth quarter. Deutsche Bank AG now owns 937,072 shares of the company’s stock worth $68,911,000 after purchasing an additional 40,668 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Hyatt Hotels by 43.5% during the fourth quarter. Renaissance Technologies LLC now owns 826,500 shares of the company’s stock worth $60,781,000 after purchasing an additional 250,700 shares during the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.
Shares of H stock opened at $79.26 on Friday. Hyatt Hotels Co. has a one year low of $54.38 and a one year high of $84.89. The company has a market capitalization of $9.34 billion, a P/E ratio of 59.62, a P/E/G ratio of 5.67 and a beta of 1.32. The company has a current ratio of 2.09, a quick ratio of 2.08 and a debt-to-equity ratio of 0.34.
Hyatt Hotels (NYSE:H) last announced its earnings results on Wednesday, May 2nd. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Hyatt Hotels had a return on equity of 4.39% and a net margin of 12.81%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business posted $0.68 earnings per share. sell-side analysts anticipate that Hyatt Hotels Co. will post 1.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Tuesday, June 19th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, June 18th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 33.71%.
In other Hyatt Hotels news, insider David Udell sold 4,306 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $81.00, for a total value of $348,786.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Margaret C. Egan sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $83.04, for a total value of $357,072.00. Following the completion of the transaction, the insider now directly owns 16 shares in the company, valued at $1,328.64. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by insiders.
Several analysts have recently weighed in on the company. Citigroup boosted their price target on Hyatt Hotels from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, June 14th. Jefferies Financial Group assumed coverage on Hyatt Hotels in a report on Thursday, May 31st. They set a “hold” rating and a $85.00 price target on the stock. B. Riley restated a “buy” rating and set a $84.00 price target (up from $80.00) on shares of Hyatt Hotels in a report on Friday, March 16th. Stifel Nicolaus boosted their price target on Hyatt Hotels from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Tuesday, May 8th. Finally, Morgan Stanley boosted their price target on Hyatt Hotels from $82.00 to $86.00 and gave the stock an “equal weight” rating in a report on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $82.57.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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