Nilsine Partners LLC Takes $4.01 Million Position in Hyatt Hotels Corporation $H

Nilsine Partners LLC bought a new position in Hyatt Hotels Corporation (NYSE:H) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,683 shares of the company’s stock, valued at approximately $4,009,000.

Several other hedge funds also recently made changes to their positions in H. Los Angeles Capital Management LLC purchased a new stake in Hyatt Hotels during the 4th quarter valued at $26,000. Raiffeisen Bank International AG raised its stake in shares of Hyatt Hotels by 140.8% during the second quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after purchasing an additional 144 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Hyatt Hotels in the second quarter worth about $39,000. Finally, DV Equities LLC bought a new position in Hyatt Hotels during the 4th quarter valued at approximately $32,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total value of $305,796.00. Following the sale, the director directly owned 29,525 shares of the company’s stock, valued at $5,310,957. This represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 23.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial increased their price objective on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Robert W. Baird decreased their target price on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research note on Friday, May 29th. Barclays cut their price target on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, HSBC upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 price objective for the company in a report on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $197.07.

Hyatt Hotels Stock Up 0.4%

H stock opened at $166.00 on Friday. Hyatt Hotels Corporation has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 202.44 and a beta of 1.34. The business’s 50 day moving average price is $181.79 and its two-hundred day moving average price is $172.69. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62.

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

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th 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 Thursday, August 27th. Hyatt Hotels’s payout ratio is 73.17%.

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.