Hyatt Hotels Co. (NYSE:H) Short Interest Up 10.2% in August

Hyatt Hotels Co. (NYSE:H) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,640,000 shares, a growth of 10.2% from the August 15th total of 4,210,000 shares. Based on an average daily trading volume, of 575,200 shares, the days-to-cover ratio is presently 8.1 days.

Insider Activity

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the transaction, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. LRI Investments LLC acquired a new position in shares of Hyatt Hotels during the first quarter worth about $26,000. Riverview Trust Co purchased a new stake in shares of Hyatt Hotels during the 1st quarter valued at about $27,000. Summit Securities Group LLC acquired a new position in Hyatt Hotels during the 2nd quarter worth approximately $30,000. Quadrant Capital Group LLC boosted its holdings in Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after acquiring an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial dropped their price target on Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Evercore ISI cut their target price on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Wednesday, August 7th. Robert W. Baird dropped their price objective on shares of Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Macquarie reduced their target price on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $148.21.

Hyatt Hotels Trading Down 0.1 %

NYSE:H traded down $0.20 during trading hours on Wednesday, reaching $148.18. 351,705 shares of the company were exchanged, compared to its average volume of 604,298. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 23.02 and a beta of 1.50. The stock has a 50 day simple moving average of $146.39 and a 200 day simple moving average of $149.77. Hyatt Hotels has a 52-week low of $96.77 and a 52-week high of $162.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82.

Hyatt Hotels (NYSE:H) last issued its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same quarter last year, the firm earned $0.82 earnings per share. As a group, analysts predict that Hyatt Hotels will post 3.97 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.