Bridges Investment Management Inc. Acquires Shares of 3,955 Hyatt Hotels Co. (NYSE:H)

Bridges Investment Management Inc. acquired a new stake in Hyatt Hotels Co. (NYSE:H) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,955 shares of the company’s stock, valued at approximately $601,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in shares of Hyatt Hotels by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock valued at $1,042,000 after purchasing an additional 70 shares during the period. Red Spruce Capital LLC grew its position in shares of Hyatt Hotels by 0.7% in the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock valued at $2,126,000 after purchasing an additional 92 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Hyatt Hotels by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,945,000 after purchasing an additional 100 shares during the period. AdvisorShares Investments LLC grew its position in shares of Hyatt Hotels by 23.9% in the second quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock valued at $83,000 after purchasing an additional 108 shares during the period. Finally, GAMMA Investing LLC boosted its position in Hyatt Hotels by 17.6% during the second quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock worth $117,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $154.89 on Friday. The company’s 50 day simple moving average is $146.34 and its 200-day simple moving average is $149.71. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 24.05 and a beta of 1.50. Hyatt Hotels Co. has a 1 year low of $96.77 and a 1 year high of $162.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.

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

Hyatt Hotels Dividend Announcement

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

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the transaction, the insider now owns 623,556 shares in the company, valued at approximately $92,373,585.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research report on Wednesday. They set a “neutral” rating and a $151.00 price target on the stock. Mizuho lowered their price target on shares of Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Truist Financial lowered their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, Sanford C. Bernstein lowered their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $148.21.

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.