Freestone Grove Partners LP Acquires Shares of 276,291 Hyatt Hotels Corporation $H

Freestone Grove Partners LP bought a new position in Hyatt Hotels Corporation (NYSE:H) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 276,291 shares of the company’s stock, valued at approximately $30,467,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in shares of Hyatt Hotels in the 4th quarter worth about $26,000. Johnson Financial Group Inc. increased its stake in Hyatt Hotels by 450.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. DV Equities LLC purchased a new position in Hyatt Hotels in the fourth quarter worth about $32,000. NewEdge Advisors LLC lifted its stake in shares of Hyatt Hotels by 121.4% in the fourth quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock worth $37,000 after buying an additional 125 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Hyatt Hotels during the third quarter valued at approximately $34,000. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Wednesday, June 24th. Wells Fargo & Company increased their target price on Hyatt Hotels from $182.00 to $186.00 and gave the company an “equal weight” rating in a research note on Thursday, July 16th. Truist Financial boosted their price target on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Barclays lowered their price target on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Morgan Stanley reduced their price objective on Hyatt Hotels from $218.00 to $209.00 and set an “overweight” rating for the company in a report on Tuesday, August 18th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.64.

Insider Activity

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at $5,310,957. The trade was a 5.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 2,087 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the sale, the insider directly owned 16,638 shares of the company’s stock, valued at $3,127,944. The trade was a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 23.60% of the company’s stock.

Hyatt Hotels Trading Down 2.5%

NYSE:H opened at $173.20 on Friday. The company has a market cap of $16.32 billion, a PE ratio of 211.22 and a beta of 1.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. The company has a 50 day simple moving average of $185.57 and a two-hundred day simple moving average of $172.73. Hyatt Hotels Corporation has a 12 month low of $134.18 and a 12 month high of $206.86.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the firm earned $0.68 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Research analysts forecast that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is currently 73.17%.

About Hyatt Hotels

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.