Hyatt Hotels Co. (NYSE:H) Short Interest Down 5.5% in November

Hyatt Hotels Co. (NYSE:H) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 4,260,000 shares, a drop of 5.5% from the October 31st total of 4,510,000 shares. Based on an average daily trading volume, of 516,700 shares, the short-interest ratio is currently 8.2 days.

Insider Activity

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares of the company’s stock, valued at $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Hyatt Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC acquired a new position in Hyatt Hotels during the 2nd quarter worth about $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Hyatt Hotels during the 3rd quarter worth about $30,000. Blue Trust Inc. lifted its holdings in Hyatt Hotels by 190.2% during the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Hyatt Hotels by 1,107.1% during the 2nd 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, iA Global Asset Management Inc. acquired a new position in Hyatt Hotels during the 3rd quarter worth about $51,000. Institutional investors own 71.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on H. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Truist Financial dropped their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group began coverage on Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price target for the company. Evercore ISI lifted their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Finally, Stifel Nicolaus raised their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $151.88.

Hyatt Hotels Trading Up 2.4 %

Shares of H stock opened at $161.85 on Thursday. The firm has a market capitalization of $15.54 billion, a P/E ratio of 11.91 and a beta of 1.50. Hyatt Hotels has a twelve month low of $116.20 and a twelve month high of $162.26. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $153.75 and its 200 day simple moving average is $149.69.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, sell-side analysts predict that Hyatt Hotels will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.37%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

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.