Massachusetts Financial Services Co. MA Acquires New Holdings in Hyatt Hotels Co. (H)

Share on StockTwits

Massachusetts Financial Services Co. MA acquired a new position in Hyatt Hotels Co. (NYSE:H) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,504 shares of the company’s stock, valued at approximately $438,000.

Several other hedge funds also recently modified their holdings of H. Cutler Group LP acquired a new stake in Hyatt Hotels during the 2nd quarter worth approximately $154,000. Point72 Hong Kong Ltd lifted its holdings in 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 buying an additional 892 shares in the last quarter. CAPROCK Group Inc. acquired a new stake in Hyatt Hotels during the 3rd quarter worth approximately $203,000. Intrust Bank NA acquired a new stake in Hyatt Hotels during the 2nd quarter worth approximately $210,000. Finally, Vident Investment Advisory LLC acquired a new stake in Hyatt Hotels during the 2nd quarter worth approximately $225,000. Hedge funds and other institutional investors own 37.38% of the company’s stock.

Shares of NYSE:H opened at $69.49 on Friday. Hyatt Hotels Co. has a 52 week low of $64.82 and a 52 week high of $84.89. The company has a current ratio of 2.17, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 4.66 and a beta of 1.28.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Tuesday, October 30th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.08. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.95%. During the same period in the prior year, the firm posted $0.26 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 1.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 28th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, November 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 33.71%.

A number of research firms have issued reports on H. Berenberg Bank lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating and increased their target price for the stock from $83.00 to $87.50 in a report on Thursday, July 19th. Zacks Investment Research raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Wednesday, September 26th. Jefferies Financial Group reissued a “hold” rating and issued a $84.00 price objective on shares of Hyatt Hotels in a research report on Thursday, October 4th. Longbow Research assumed coverage on shares of Hyatt Hotels in a research report on Friday, September 7th. They issued a “buy” rating and a $99.00 price objective on the stock. Finally, SunTrust Banks dropped their price objective on shares of Hyatt Hotels to $78.00 and set a “hold” rating on the stock in a research report on Thursday, November 1st. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $82.41.

In related news, insider H Co Lp Lci sold 110,480 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total value of $8,701,404.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mark R. Vondrasek sold 7,540 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $71.77, for a total transaction of $541,145.80. The disclosure for this sale can be found here. Insiders sold a total of 314,739 shares of company stock worth $24,604,337 over the last ninety days. Insiders own 18.40% of the company’s stock.

WARNING: This piece was first published by Week Herald and is the property of of Week Herald. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://weekherald.com/2018/11/10/massachusetts-financial-services-co-ma-acquires-new-holdings-in-hyatt-hotels-co-h.html.

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.

Featured Article: Reverse Stock Split

Want to see what other hedge funds are holding H? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyatt Hotels Co. (NYSE:H).

Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply