Accredited Investors Inc. Acquires New Stake in Hyatt Hotels Corporation $H

Accredited Investors Inc. acquired a new stake in Hyatt Hotels Corporation (NYSE:H) during the 4th quarter, Holdings Channel reports. The fund acquired 7,146 shares of the company’s stock, valued at approximately $1,146,000.

Several other institutional investors have also added to or reduced their stakes in H. Goldman Sachs Group Inc. lifted its position in Hyatt Hotels by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after acquiring an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Hyatt Hotels by 8.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after buying an additional 11,252 shares during the last quarter. Norges Bank acquired a new stake in Hyatt Hotels in the 2nd quarter valued at $616,000. Daiwa Securities Group Inc. increased its stake in Hyatt Hotels by 394.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after buying an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Hyatt Hotels by 61.0% in the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock valued at $9,609,000 after buying an additional 26,073 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Hyatt Hotels Stock Performance

Shares of H opened at $168.92 on Friday. The company has a market cap of $15.91 billion, a PE ratio of -482.62 and a beta of 1.33. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a 50-day moving average of $155.78 and a 200-day moving average of $158.60. Hyatt Hotels Corporation has a one year low of $124.82 and a one year high of $180.53.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a negative net margin of 0.48% and a positive return on equity of 6.01%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm earned $0.46 EPS. As a group, equities analysts forecast that Hyatt Hotels Corporation will post 3.46 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, May 29th. Hyatt Hotels’s payout ratio is currently -171.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup lifted their price target on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Friday, March 27th. Evercore reiterated an “in-line” rating and issued a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Truist Financial lifted their price target on shares of Hyatt Hotels from $168.00 to $181.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Finally, Wells Fargo & Company lifted their price target on shares of Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.07.

Insider Buying and Selling

In other news, insider Jnp 2010-Pg Trust sold 213,434 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the sale, the insider owned 213,434 shares in the company, valued at $35,803,553.50. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kinsey Wolf sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total value of $58,912.00. Following the sale, the insider owned 545 shares of the company’s stock, valued at approximately $80,267.60. This represents a 42.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 214,234 shares of company stock valued at $35,920,202. Corporate insiders own 23.60% of the company’s stock.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.