Envestnet Asset Management Inc. Has $16.86 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Envestnet Asset Management Inc. increased its position in Hyatt Hotels Co. (NYSE:H) by 17.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,959 shares of the company’s stock after purchasing an additional 16,412 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of Hyatt Hotels worth $16,857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in H. LRI Investments LLC acquired a new stake in Hyatt Hotels in the first quarter worth about $26,000. Riverview Trust Co bought a new position in Hyatt Hotels during the first quarter worth about $27,000. Summit Securities Group LLC bought a new position in Hyatt Hotels during the second quarter worth about $30,000. Quadrant Capital Group LLC boosted 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 buying an additional 127 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Hyatt Hotels during the first quarter worth about $53,000. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on H shares. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Morgan Stanley cut their price objective on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Stifel Nicolaus lifted 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. The Goldman Sachs Group assumed coverage on Hyatt Hotels in a report on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price objective on the stock. Finally, Robert W. Baird cut 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. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $148.21.

Hyatt Hotels Stock Down 2.2 %

H stock opened at $151.49 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 firm has a market capitalization of $15.33 billion, a PE ratio of 23.52 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. The business’s 50 day simple moving average is $146.22 and its 200 day simple moving average is $149.62.

Hyatt Hotels (NYSE:H) last posted its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. The business 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 period in the previous year, the firm earned $0.82 EPS. As a group, research analysts anticipate that Hyatt Hotels Co. will post 3.97 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

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.