Hyatt Hotels Co. (NYSE:H) Short Interest Up 10.2% in August

Hyatt Hotels Co. (NYSE:H) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,640,000 shares, a growth of 10.2% from the August 15th total of 4,210,000 shares. Based on an average trading volume of 575,200 shares, the days-to-cover ratio is currently 8.1 days.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

Institutional investors and hedge funds have recently bought and sold shares of the business. LRI Investments LLC acquired a new position in Hyatt Hotels during the first quarter worth $26,000. Riverview Trust Co acquired a new position in Hyatt Hotels in the first quarter valued at about $27,000. Summit Securities Group LLC bought a new stake in Hyatt Hotels during the second quarter worth about $30,000. EntryPoint Capital LLC acquired a new stake in shares of Hyatt Hotels during the first quarter worth approximately $53,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Down 0.1 %

NYSE H traded down $0.20 during trading on Wednesday, hitting $148.18. 351,705 shares of the company traded hands, compared to its average volume of 604,298. The company has a market capitalization of $14.99 billion, a P/E ratio of 23.02 and a beta of 1.50. The business has a fifty day simple moving average of $146.39 and a 200 day simple moving average of $149.77. Hyatt Hotels has a 12 month low of $96.77 and a 12 month high of $162.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.58. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same period in the prior year, the firm earned $0.82 EPS. As a group, sell-side analysts predict that Hyatt Hotels will post 3.97 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels’s dividend payout ratio is 9.32%.

Analyst Upgrades and Downgrades

H has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Barclays upped their price target on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. Mizuho cut their target price on shares of Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Susquehanna decreased their target price on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. Finally, Evercore ISI dropped their price target on Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $148.21.

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.