DekaBank Deutsche Girozentrale Purchases 1,711 Shares of Hyatt Hotels Co. (NYSE:H)

DekaBank Deutsche Girozentrale increased its position in Hyatt Hotels Co. (NYSE:H) by 38.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,104 shares of the company’s stock after acquiring an additional 1,711 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Hyatt Hotels were worth $910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LRI Investments LLC bought a new position in Hyatt Hotels during the 1st quarter valued at about $26,000. Riverview Trust Co bought a new position in Hyatt Hotels during the first quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new stake in Hyatt Hotels in the second quarter worth approximately $30,000. Quadrant Capital Group LLC grew its position in Hyatt Hotels by 49.8% in the 4th quarter. Quadrant Capital Group LLC now owns 382 shares of the company’s stock worth $50,000 after purchasing an additional 127 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Hyatt Hotels during the 1st quarter valued at $53,000. 71.02% of the stock is owned by institutional investors.

Insider Activity at Hyatt Hotels

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $93,389,982.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 23.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Susquehanna cut their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, August 14th. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Truist Financial lowered their price objective on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a research note 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 report on Wednesday, September 4th. Finally, Robert W. Baird decreased 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $148.21.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $154.09 on Friday. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 23.93 and a beta of 1.50. The firm has a fifty day moving average price of $146.31 and a 200 day moving average price of $149.76. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $162.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The firm had revenue of $1.70 billion during 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 business posted $0.82 earnings per share. As a group, sell-side analysts expect that Hyatt Hotels Co. will post 3.97 earnings per share for the current fiscal 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 given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 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.