MARSHALL WACE ASIA Ltd lifted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 40.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 659,188 shares of the company’s stock after purchasing an additional 188,924 shares during the quarter. Hyatt Hotels accounts for 1.8% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 23rd biggest holding. MARSHALL WACE ASIA Ltd’s holdings in Hyatt Hotels were worth $52,465,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its holdings in shares of Hyatt Hotels by 3.3% during the 3rd quarter. Hsbc Holdings PLC now owns 25,579 shares of the company’s stock worth $2,035,000 after purchasing an additional 819 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of Hyatt Hotels by 54.7% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock worth $195,000 after purchasing an additional 892 shares in the last quarter. Vident Investment Advisory LLC lifted its position in shares of Hyatt Hotels by 33.6% during the 3rd quarter. Vident Investment Advisory LLC now owns 3,889 shares of the company’s stock worth $310,000 after buying an additional 978 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Hyatt Hotels by 5.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,688 shares of the company’s stock worth $1,519,000 after buying an additional 1,056 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its position in shares of Hyatt Hotels by 4.0% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 33,921 shares of the company’s stock worth $2,700,000 after buying an additional 1,300 shares during the last quarter. 36.70% of the stock is currently owned by institutional investors.
In other news, insider 8-26-22 Gp Llc sold 196,719 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $78.09, for a total value of $15,361,786.71. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at $7,809,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark R. Vondrasek sold 7,540 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $71.77, for a total value of $541,145.80. The disclosure for this sale can be found here. In the last three months, insiders sold 276,828 shares of company stock valued at $20,902,937. Insiders own 18.40% of the company’s stock.
Several analysts recently weighed in on H shares. Deutsche Bank dropped their price objective on Hyatt Hotels from $83.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, November 1st. Zacks Investment Research upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, September 5th. Jefferies Financial Group restated a “hold” rating and set a $84.00 price objective on shares of Hyatt Hotels in a research report on Thursday, October 4th. SunTrust Banks dropped their price objective on Hyatt Hotels to $78.00 and set a “hold” rating for the company in a research report on Thursday, November 1st. Finally, Wells Fargo & Co dropped their target price on Hyatt Hotels from $92.00 to $79.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $82.09.
Shares of H stock traded up $1.15 on Thursday, hitting $71.20. The company had a trading volume of 639,600 shares, compared to its average volume of 804,072. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 4.53 and a beta of 1.29. The company has a current ratio of 2.17, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41. Hyatt Hotels Co. has a twelve month low of $64.82 and a twelve month high of $84.89.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.08. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels had a return on equity of 4.95% and a net margin of 17.80%. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Sell-side analysts forecast that Hyatt Hotels Co. will post 1.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 28th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Hyatt Hotels’s payout ratio is 33.71%.
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Hyatt Hotels Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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