EFG Asset Management Americas Corp. Raises Stock Holdings in Hyatt Hotels Co. (NYSE:H)

EFG Asset Management Americas Corp. raised its position in Hyatt Hotels Co. (NYSE:H) by 57.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,815 shares of the company’s stock after purchasing an additional 6,131 shares during the period. EFG Asset Management Americas Corp.’s holdings in Hyatt Hotels were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of Hyatt Hotels during the first quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in shares of Hyatt Hotels during the first quarter worth approximately $27,000. Summit Securities Group LLC purchased a new position in Hyatt Hotels in the second quarter worth $30,000. Quadrant Capital Group LLC raised its position in Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Hyatt Hotels in the first quarter worth $53,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In other news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares of the company’s stock, valued at approximately $93,389,982.12. The disclosure for this sale can be found here. Insiders sold a total of 96,796 shares of company stock worth $14,424,763 in the last 90 days. 23.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Robert W. Baird reduced their target price on Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Barclays increased their target price on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Truist Financial reduced their target price on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Stifel Nicolaus increased their target price on Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average target price of $148.06.

Hyatt Hotels Stock Down 1.9 %

Shares of NYSE:H traded down $2.78 during mid-day trading on Friday, hitting $144.50. 616,799 shares of the company traded hands, compared to its average volume of 608,165. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $162.24. The firm’s 50 day simple moving average is $146.88 and its 200 day simple moving average is $149.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $14.62 billion, a P/E ratio of 22.44 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the firm earned $0.82 EPS. On average, equities analysts anticipate that Hyatt Hotels Co. will post 3.97 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Hyatt Hotels Profile

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.