Generate Investment Management Ltd Boosts Stock Position in Hyatt Hotels Co. (NYSE:H)

Generate Investment Management Ltd increased its holdings in Hyatt Hotels Co. (NYSE:H) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 39,442 shares of the company’s stock after buying an additional 1,256 shares during the period. Generate Investment Management Ltd’s holdings in Hyatt Hotels were worth $6,003,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its position in shares of Hyatt Hotels by 1.1% in the 1st 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 during the period. Red Spruce Capital LLC raised its stake in Hyatt Hotels by 0.7% in the second quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after buying an additional 92 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in Hyatt Hotels by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,945,000 after buying an additional 100 shares during the period. AdvisorShares Investments LLC boosted its position in Hyatt Hotels by 23.9% during the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock valued at $83,000 after acquiring an additional 108 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Hyatt Hotels by 2.7% during the 2nd quarter. Toronto Dominion Bank now owns 4,398 shares of the company’s stock worth $668,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a report on Thursday. Truist Financial increased their price target on shares of Hyatt Hotels from $164.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research note on Wednesday, September 18th. They set a “neutral” rating and a $151.00 price objective on the stock. Finally, Barclays lifted their target price on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average price target of $148.75.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’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 completion of the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.50% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

NYSE H opened at $153.87 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 23.89 and a beta of 1.50. The stock has a 50-day moving average of $148.92 and a 200 day moving average of $149.17. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24.

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, beating 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 firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company earned $0.82 earnings per share. On average, sell-side analysts forecast that Hyatt Hotels Co. will post 3.93 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were paid a $0.15 dividend. The ex-dividend date 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 (DPR) is currently 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.