MQS Management LLC Invests $445,000 in Hyatt Hotels Co. (NYSE:H)

MQS Management LLC purchased a new stake in Hyatt Hotels Co. (NYSE:H) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,791 shares of the company’s stock, valued at approximately $445,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in Hyatt Hotels during the 1st quarter worth approximately $27,000. Quadrant Capital Group LLC increased its position in shares of Hyatt Hotels by 49.8% during the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares in the last quarter. GAMMA Investing LLC acquired a new position in Hyatt Hotels in the 4th quarter valued at $59,000. Fidelis Capital Partners LLC purchased a new position in Hyatt Hotels in the 1st quarter valued at $85,000. Finally, UniSuper Management Pty Ltd boosted its stake in Hyatt Hotels by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 600 shares of the company’s stock worth $96,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on H shares. Susquehanna assumed coverage on shares of Hyatt Hotels in a research note on Friday, June 21st. They issued a “neutral” rating and a $160.00 target price on the stock. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Monday, July 15th. Sanford C. Bernstein raised their target price on Hyatt Hotels from $184.00 to $190.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Mizuho boosted their price target on shares of Hyatt Hotels from $195.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Finally, Barclays raised their price objective on shares of Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $151.19.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the sale, the insider now directly owns 15,799 shares in the company, valued at $2,338,252. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Michael A. Rocca sold 1,189 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the sale, the director now owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joan Bottarini sold 305 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the transaction, the insider now directly owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,189 shares of company stock worth $1,815,619. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Performance

Shares of H stock traded down $0.05 during trading hours on Thursday, hitting $150.26. The stock had a trading volume of 663,501 shares, compared to its average volume of 591,794. The stock’s 50 day moving average is $149.74 and its 200 day moving average is $146.88. The firm has a market capitalization of $15.20 billion, a PE ratio of 23.33 and a beta of 1.51. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $162.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). Hyatt Hotels had a net margin of 10.21% and a return on equity of 8.44%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business posted $0.41 earnings per share. As a group, research analysts forecast that Hyatt Hotels Co. will post 3.47 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Wednesday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio is presently 9.32%.

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.