Hyatt Hotels Co. (NYSE:H) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Hyatt Hotels Co. (NYSE:H) by 34.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,900 shares of the company’s stock after acquiring an additional 6,697 shares during the period. Victory Capital Management Inc.’s holdings in Hyatt Hotels were worth $3,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its holdings in Hyatt Hotels by 1.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock worth $1,042,000 after purchasing an additional 70 shares in the last quarter. Red Spruce Capital LLC raised its holdings in Hyatt Hotels by 0.7% during the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after purchasing an additional 92 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Hyatt Hotels by 0.8% during the second 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 in the last quarter. GAMMA Investing LLC raised its holdings 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 purchasing an additional 115 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Hyatt Hotels by 49.8% during the fourth quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. 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. Barclays raised their target price on shares of Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 4th. Finally, Susquehanna decreased their target price on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $148.06.

Insider Transactions at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of H stock opened at $144.77 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels Co. has a 52 week low of $96.77 and a 52 week high of $162.24. The firm has a 50 day moving average of $146.40 and a 200-day moving average of $149.84. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 22.48 and a beta of 1.50.

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, beating 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 business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the business earned $0.82 EPS. On average, equities analysts forecast that Hyatt Hotels Co. will post 3.97 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 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.