D. E. Shaw & Co. Inc. cut its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 938,964 shares of the company’s stock after selling 64,375 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Hyatt Hotels were worth $71,483,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of H. Point72 Hong Kong Ltd bought a new stake in Hyatt Hotels in the 2nd quarter worth about $180,000. Jefferies Group LLC grew its position in Hyatt Hotels by 179.9% in the 2nd quarter. Jefferies Group LLC now owns 12,877 shares of the company’s stock worth $980,000 after purchasing an additional 8,277 shares in the last quarter. Man Group plc grew its position in Hyatt Hotels by 1,782.9% in the 2nd quarter. Man Group plc now owns 76,013 shares of the company’s stock worth $5,786,000 after purchasing an additional 71,976 shares in the last quarter. Balyasny Asset Management LLC grew its position in Hyatt Hotels by 40.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 384,014 shares of the company’s stock worth $29,235,000 after purchasing an additional 111,404 shares in the last quarter. Finally, Assetmark Inc. grew its position in Hyatt Hotels by 47.9% in the 2nd quarter. Assetmark Inc. now owns 58,723 shares of the company’s stock worth $4,471,000 after purchasing an additional 19,025 shares in the last quarter. 37.54% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on H shares. Deutsche Bank reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Hyatt Hotels in a research report on Thursday, August 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Hyatt Hotels in a research report on Tuesday, July 23rd. Raymond James reaffirmed a “hold” rating on shares of Hyatt Hotels in a research report on Monday, August 12th. Credit Suisse Group raised shares of Hyatt Hotels to an “outperform” rating in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Hyatt Hotels from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Fifteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.89.
Hyatt Hotels (NYSE:H) last released its earnings results on Wednesday, July 31st. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.34. Hyatt Hotels had a net margin of 9.07% and a return on equity of 6.34%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm earned $0.72 EPS. As a group, analysts anticipate that Hyatt Hotels Co. will post 1.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Monday, August 26th. Hyatt Hotels’s dividend payout ratio is currently 38.38%.
In related news, insider H. Charles Floyd sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $78.00, for a total transaction of $507,000.00. Following the sale, the insider now directly owns 41,475 shares in the company, valued at approximately $3,235,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Udell sold 4,337 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $72.06, for a total transaction of $312,524.22. The disclosure for this sale can be found here. 24.70% of the stock is owned by corporate insiders.
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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