Acadian Asset Management LLC Takes Position in Hyatt Hotels Co. (NYSE:H)

Acadian Asset Management LLC bought a new position in Hyatt Hotels Co. (NYSE:H) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 701 shares of the company’s stock, valued at approximately $106,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after purchasing an additional 144,356 shares in the last quarter. Principal Financial Group Inc. raised its stake in Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after buying an additional 162,562 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Hyatt Hotels by 0.6% in the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock worth $218,105,000 after buying an additional 9,919 shares during the period. Fiera Capital Corp boosted its position in Hyatt Hotels by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock valued at $87,209,000 after acquiring an additional 6,896 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $72,086,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Trading Up 0.5 %

Hyatt Hotels stock opened at $154.89 on Friday. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24. The business’s fifty day moving average is $146.34 and its 200 day moving average is $149.71. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $15.67 billion, a PE ratio of 24.05 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) 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 the consensus estimate 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 firm posted $0.82 EPS. On average, sell-side analysts predict that Hyatt Hotels Co. will post 3.97 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is presently 9.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays raised their target price on Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Macquarie reduced their target price on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Morgan Stanley decreased their price target on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Finally, Evercore ISI dropped their price objective on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating on the stock in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $148.21.

Insider Activity

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the sale, the insider now owns 623,556 shares in the company, valued at $93,389,982.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

About Hyatt Hotels

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.