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.
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.
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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