Sanctuary Advisors LLC Acquires New Position in Hyatt Hotels Co. (NYSE:H)

Sanctuary Advisors LLC bought a new position in Hyatt Hotels Co. (NYSE:H) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,034 shares of the company’s stock, valued at approximately $610,000.

A number of other institutional investors have also modified their holdings of the stock. LRI Investments LLC purchased a new position in Hyatt Hotels during the 1st quarter valued at about $26,000. Riverview Trust Co purchased a new position in Hyatt Hotels during the first quarter valued at approximately $27,000. Summit Securities Group LLC bought a new position in Hyatt Hotels in the second quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock worth $50,000 after buying an additional 310 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in Hyatt Hotels during the 1st quarter valued at $53,000. 71.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on H shares. The Goldman Sachs Group began coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price for the company. 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 report on Wednesday, August 7th. Stifel Nicolaus increased their target price on shares of Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research note on Tuesday, August 20th. Robert W. Baird reduced their price target on Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Barclays boosted their price objective on Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average price target of $148.47.

Insider Transactions 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 stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at $92,373,585.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $152.29 on Tuesday. 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 has a market capitalization of $15.41 billion, a P/E ratio of 23.65 and a beta of 1.50. The business has a 50 day simple moving average of $147.31 and a 200-day simple moving average of $149.20. Hyatt Hotels Co. has a twelve month low of $96.77 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same quarter last year, the company posted $0.82 earnings per share. As a group, equities analysts anticipate that Hyatt Hotels Co. will post 3.93 EPS for the current year.

Hyatt Hotels Dividend Announcement

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

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.