Investment Management Corp of Ontario Purchases New Stake in Hyatt Hotels Co. (NYSE:H)

Investment Management Corp of Ontario acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,522 shares of the company’s stock, valued at approximately $232,000.

Other large investors also recently made changes to their positions in the company. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels during the second quarter valued at approximately $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels during the 3rd quarter worth $30,000. Blue Trust Inc. lifted its holdings in Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Hyatt Hotels by 1,107.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after buying an additional 310 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Hyatt Hotels by 31.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 485 shares of the company’s stock valued at $74,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Stock Down 0.7 %

Shares of Hyatt Hotels stock opened at $163.40 on Monday. Hyatt Hotels Co. has a 1-year low of $118.12 and a 1-year high of $168.20. The company has a market capitalization of $15.69 billion, a P/E ratio of 12.31 and a beta of 1.50. The business’s fifty day moving average price is $154.15 and its two-hundred day moving average price is $149.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

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

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a yield of 0.37%. Hyatt Hotels’s payout ratio is 4.52%.

Insiders Place Their Bets

In related news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were 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 directly owns 5,798 shares of the company’s stock, valued at $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on H. Susquehanna lowered their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, August 14th. HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research report on Friday, November 1st. Stifel Nicolaus increased their price objective on shares of Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research note on Tuesday, November 26th. Cfra set a $155.00 target price on shares of Hyatt Hotels in a research report on Thursday, October 17th. Finally, Robert W. Baird lifted their price target on Hyatt Hotels from $157.00 to $158.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $151.88.

Hyatt Hotels Company 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.