Redwood Investment Management LLC Purchases 384 Shares of Hyatt Hotels Co. (NYSE:H)

Redwood Investment Management LLC raised its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,557 shares of the company’s stock after acquiring an additional 384 shares during the quarter. Redwood Investment Management LLC’s holdings in Hyatt Hotels were worth $1,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Management One Co. Ltd. raised its stake in shares of Hyatt Hotels by 0.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,539 shares of the company’s stock valued at $2,365,000 after acquiring an additional 66 shares during the last quarter. PFG Investments LLC grew its holdings in shares of Hyatt Hotels by 1.5% during the third quarter. PFG Investments LLC now owns 4,846 shares of the company’s stock valued at $738,000 after buying an additional 70 shares during the last quarter. Hunter Associates Investment Management LLC increased its position in shares of Hyatt Hotels by 0.6% during the third quarter. Hunter Associates Investment Management LLC now owns 17,077 shares of the company’s stock valued at $2,601,000 after acquiring an additional 95 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Hyatt Hotels by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,945,000 after acquiring an additional 100 shares in the last quarter. Finally, AdvisorShares Investments LLC grew its position in Hyatt Hotels by 23.9% in the 2nd quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock worth $83,000 after purchasing an additional 108 shares during the period. Institutional investors own 71.02% of the company’s stock.

Insider Transactions at Hyatt Hotels

In related news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on H shares. Morgan Stanley lowered their target price on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 target price on the stock. Robert W. Baird upped their price target on shares of Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Sanford C. Bernstein lowered their price target on shares of Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.88.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $164.62 on Friday. The stock has a 50 day moving average of $153.91 and a 200-day moving average of $149.77. The company has a market capitalization of $15.81 billion, a P/E ratio of 12.41 and a beta of 1.50. Hyatt Hotels Co. has a 12 month low of $117.86 and a 12 month high of $165.57. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. As a group, equities research analysts predict that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.36%. Hyatt Hotels’s payout ratio is currently 4.52%.

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.