3,217 Shares in Hyatt Hotels Corporation $H Bought by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in shares of Hyatt Hotels Corporation (NYSE:H) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,217 shares of the company’s stock, valued at approximately $449,000.

A number of other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Hyatt Hotels by 86.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock worth $33,000 after buying an additional 111 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Hyatt Hotels during the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. raised its holdings in shares of Hyatt Hotels by 18,500.0% in the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $52,000 after purchasing an additional 370 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Hyatt Hotels by 33.2% in the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock worth $54,000 after purchasing an additional 96 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Hyatt Hotels by 350.5% during the second quarter. Allworth Financial LP now owns 410 shares of the company’s stock worth $57,000 after purchasing an additional 319 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Insider Transactions at Hyatt Hotels

In other news, insider David Udell sold 4,131 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $151.10, for a total value of $624,194.10. Following the transaction, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,531,831.60. This represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the sale, the insider directly owned 5,594 shares of the company’s stock, valued at approximately $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 23,586 shares of company stock worth $3,611,550. 23.70% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $158.29 on Friday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a market cap of $15.03 billion, a PE ratio of 37.60, a price-to-earnings-growth ratio of 2.54 and a beta of 1.43. The business’s 50 day moving average price is $145.89 and its two-hundred day moving average price is $141.39. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s payout ratio is presently -64.52%.

Analyst Upgrades and Downgrades

H has been the topic of several recent research reports. Citigroup upgraded shares of Hyatt Hotels from a “neutral” rating to a “buy” rating and lifted their price target for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Wells Fargo & Company initiated coverage on Hyatt Hotels in a research report on Tuesday. They issued an “equal weight” rating and a $154.00 target price on the stock. Robert W. Baird increased their price target on Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial raised their price target on Hyatt Hotels from $140.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Finally, Barclays upped their price objective on Hyatt Hotels from $156.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.67.

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.