3,300 Shares in Hyatt Hotels Co. (NYSE:H) Bought by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,300 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds have also recently made changes to their positions in the company. Dimension Capital Management LLC raised its stake in Hyatt Hotels by 7.3% in the second quarter. Dimension Capital Management LLC now owns 2,611 shares of the company’s stock valued at $397,000 after buying an additional 178 shares during the last quarter. DigitalBridge Group Inc. purchased a new stake in Hyatt Hotels in the second quarter valued at about $5,469,000. APG Asset Management N.V. purchased a new stake in Hyatt Hotels in the second quarter valued at about $524,000. AQR Capital Management LLC purchased a new stake in Hyatt Hotels in the second quarter valued at about $902,000. Finally, III Capital Management purchased a new stake in Hyatt Hotels in the second quarter valued at about $871,000. 71.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $149.50 on Wednesday. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 23.21 and a beta of 1.50. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The business’s 50 day moving average price is $146.04 and its 200 day moving average price is $149.57.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the business posted $0.82 earnings per share. On average, research analysts predict that Hyatt Hotels Co. will post 3.95 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed 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. 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 0.40%. Hyatt Hotels’s payout ratio is 9.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on H shares. JPMorgan Chase & Co. raised their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Morgan Stanley dropped their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Macquarie dropped their target price on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Evercore ISI dropped their price objective on Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Finally, Mizuho dropped their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and a consensus price target of $148.21.

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.