Red Spruce Capital LLC Has $2.12 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Red Spruce Capital LLC lessened its position in shares of Hyatt Hotels Co. (NYSE:H) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,923 shares of the company’s stock after selling 71 shares during the quarter. Red Spruce Capital LLC’s holdings in Hyatt Hotels were worth $2,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bain Capital Public Equity Management II LLC bought a new stake in shares of Hyatt Hotels during the 4th quarter valued at $57,284,000. Artemis Investment Management LLP bought a new stake in Hyatt Hotels in the first quarter valued at about $48,302,000. Allspring Global Investments Holdings LLC lifted its stake in Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company’s stock valued at $39,440,000 after buying an additional 199,773 shares during the period. Interval Partners LP boosted its holdings in Hyatt Hotels by 314.1% during the second quarter. Interval Partners LP now owns 240,327 shares of the company’s stock worth $36,510,000 after buying an additional 182,297 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after buying an additional 162,562 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Macquarie decreased their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Mizuho dropped their price objective on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird decreased their target price on Hyatt Hotels from $162.00 to $158.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus raised their price target on Hyatt Hotels from $141.00 to $151.00 and gave the stock a “hold” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $148.21.

Hyatt Hotels Stock Up 2.5 %

Shares of NYSE:H traded up $3.69 during trading on Friday, hitting $153.69. 281,046 shares of the company were exchanged, compared to its average volume of 598,299. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 23.86 and a beta of 1.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.70. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $162.24. The firm has a fifty day moving average price of $146.12 and a two-hundred day moving average price of $149.57.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business earned $0.82 EPS. As a group, research analysts anticipate that Hyatt Hotels Co. will post 3.95 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insider Buying and Selling

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the 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 transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at $93,389,982.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.50% of the stock is owned by 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.