Millennium Management LLC Increases Stake in Hyatt Hotels Co. (NYSE:H)

Millennium Management LLC boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 700.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 122,746 shares of the company’s stock after purchasing an additional 107,412 shares during the period. Millennium Management LLC owned approximately 0.12% of Hyatt Hotels worth $18,648,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of H. O Shaughnessy Asset Management LLC lifted its stake in Hyatt Hotels by 1.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock valued at $1,042,000 after acquiring an additional 70 shares during the period. Red Spruce Capital LLC lifted its position in Hyatt Hotels by 0.7% during 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 Hyatt Hotels by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,945,000 after purchasing an additional 100 shares during the period. AdvisorShares Investments LLC raised its stake in shares of Hyatt Hotels by 23.9% during the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock valued at $83,000 after buying an additional 108 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Hyatt Hotels by 2.7% in the 2nd quarter. Toronto Dominion Bank now owns 4,398 shares of the company’s stock valued at $668,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 71.02% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial reduced 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. Barclays boosted their target price on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 4th. Macquarie dropped their price target 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. JPMorgan Chase & Co. upped their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group started coverage on Hyatt Hotels in a research report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus target price of $148.21.

Insider Activity at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm’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 sale, the insider now owns 623,556 shares in the company, valued at $92,373,585.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is currently owned by insiders.

Hyatt Hotels Stock Performance

NYSE:H opened at $153.69 on Friday. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $162.24. The company has a market cap of $15.55 billion, a P/E ratio of 23.86 and a beta of 1.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. The company’s 50-day moving average price is $146.12 and its 200-day moving average price is $149.57.

Hyatt Hotels (NYSE:H) last issued 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 return on equity of 10.25% and a net margin of 14.55%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm posted $0.82 EPS. On average, sell-side analysts forecast that Hyatt Hotels Co. will post 3.95 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. 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.