Thoroughbred Financial Services LLC Sells 189 Shares of Hyatt Hotels Co. (NYSE:H)

Thoroughbred Financial Services LLC cut its position in Hyatt Hotels Co. (NYSE:H) by 6.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,978 shares of the company’s stock after selling 189 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Hyatt Hotels were worth $452,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in Hyatt Hotels in the 1st quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in Hyatt Hotels in the 1st quarter worth approximately $27,000. Summit Securities Group LLC purchased a new position in shares of Hyatt Hotels during the 2nd quarter valued at approximately $30,000. EntryPoint Capital LLC purchased a new position in shares of Hyatt Hotels during the 1st quarter valued at approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Hyatt Hotels during the 2nd quarter valued at approximately $56,000. 71.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on H. Macquarie decreased their target price on Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus raised their price objective on Hyatt Hotels from $141.00 to $151.00 and gave the company a “hold” rating in a report on Tuesday, August 20th. Robert W. Baird decreased their price objective on Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Barclays raised their target price on Hyatt Hotels from $146.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 4th. Finally, Susquehanna cut their target price on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $148.06.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction that occurred on 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 transaction, the insider now owns 623,556 shares of the company’s stock, valued at $93,389,982.12. The transaction was disclosed in a filing with the SEC, which is available at this link. 23.50% of the stock is owned by company insiders.

Hyatt Hotels Stock Performance

NYSE H opened at $144.77 on Tuesday. The stock has a 50-day moving average of $146.40 and a two-hundred day moving average of $149.84. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $14.65 billion, a P/E ratio of 22.48 and a beta of 1.50. Hyatt Hotels Co. has a 1-year low of $96.77 and a 1-year high of $162.24.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.58. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations 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 business posted $0.82 EPS. As a group, analysts anticipate that Hyatt Hotels Co. will post 3.97 EPS for the current year.

Hyatt Hotels Announces Dividend

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