MQS Management LLC Buys 1,676 Shares of Hyatt Hotels Co. (NYSE:H)

MQS Management LLC raised its position in shares of Hyatt Hotels Co. (NYSE:H) by 60.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,467 shares of the company’s stock after purchasing an additional 1,676 shares during the period. MQS Management LLC’s holdings in Hyatt Hotels were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of H. LRI Investments LLC bought a new position in shares of Hyatt Hotels during the 1st quarter worth $26,000. Riverview Trust Co bought a new position in Hyatt Hotels during the first quarter worth about $27,000. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels in the second quarter worth about $30,000. Quadrant Capital Group LLC raised its position in shares of Hyatt Hotels by 49.8% in the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock valued at $50,000 after purchasing an additional 127 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Hyatt Hotels during the 1st quarter valued at approximately $53,000. 71.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna lowered their target price on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. The Goldman Sachs Group began coverage on Hyatt Hotels in a research report on Wednesday. They issued a “neutral” rating and a $151.00 price target for the company. Sanford C. Bernstein cut their target price on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, Truist Financial decreased their target price on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and an average price target of $148.21.

Hyatt Hotels Stock Down 0.1 %

Shares of NYSE H opened at $148.18 on Thursday. The stock has a market capitalization of $14.99 billion, a P/E ratio of 23.01 and a beta of 1.50. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24. The firm’s 50 day simple moving average is $146.39 and its two-hundred day simple moving average is $149.77. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same quarter last year, the company earned $0.82 EPS. As a group, analysts expect that Hyatt Hotels Co. will post 3.97 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Hyatt Hotels 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.