Landscape Capital Management L.L.C. raised its stake in Hyatt Hotels Co. (NYSE:H) by 76.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,378 shares of the company’s stock after purchasing an additional 29,536 shares during the period. Landscape Capital Management L.L.C. owned 0.06% of Hyatt Hotels worth $5,206,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in H. Quadrant Capital Group LLC acquired a new position in shares of Hyatt Hotels in the first quarter valued at approximately $28,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Hyatt Hotels in the first quarter valued at approximately $43,000. Marshall Wace North America L.P. acquired a new position in shares of Hyatt Hotels in the first quarter valued at approximately $98,000. Advisors Asset Management Inc. increased its stake in shares of Hyatt Hotels by 65.4% in the first quarter. Advisors Asset Management Inc. now owns 1,591 shares of the company’s stock valued at $115,000 after buying an additional 629 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Hyatt Hotels by 41.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,632 shares of the company’s stock valued at $118,000 after buying an additional 475 shares during the period. Hedge funds and other institutional investors own 37.14% of the company’s stock.
Shares of H stock traded down $0.41 during trading hours on Thursday, hitting $72.59. 15,197 shares of the company were exchanged, compared to its average volume of 655,625. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 7.68 and a beta of 1.05. Hyatt Hotels Co. has a fifty-two week low of $63.45 and a fifty-two week high of $81.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 1.17. The company’s 50 day simple moving average is $76.84.
Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.42 by $0.34. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. Hyatt Hotels had a net margin of 9.07% and a return on equity of 6.34%. During the same quarter last year, the firm posted $0.72 EPS. On average, analysts anticipate that Hyatt Hotels Co. will post 1.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Tuesday, August 27th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, August 26th. Hyatt Hotels’s dividend payout ratio is currently 38.38%.
In related news, Director Susan D. Kronick sold 1,934 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $77.67, for a total value of $150,213.78. Following the transaction, the director now directly owns 37,497 shares in the company, valued at approximately $2,912,391.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider H. Charles Floyd sold 6,500 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $78.00, for a total value of $507,000.00. Following the completion of the transaction, the insider now owns 41,475 shares in the company, valued at $3,235,050. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,096 shares of company stock worth $942,850. 24.70% of the stock is owned by company insiders.
A number of research firms have weighed in on H. Deutsche Bank reissued a “hold” rating and set a $75.00 target price on shares of Hyatt Hotels in a research report on Thursday, August 1st. Raymond James reissued a “hold” rating on shares of Hyatt Hotels in a research report on Monday. Wells Fargo & Co reissued a “hold” rating on shares of Hyatt Hotels in a research report on Tuesday, July 23rd. Finally, Zacks Investment Research downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research report on Wednesday, July 17th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Hyatt Hotels has a consensus rating of “Hold” and an average price target of $79.37.
About Hyatt Hotels
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through 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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