EFG Asset Management Americas Corp. Buys 6,131 Shares of Hyatt Hotels Co. (NYSE:H)

EFG Asset Management Americas Corp. grew its stake in shares of Hyatt Hotels Co. (NYSE:H) by 57.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,815 shares of the company’s stock after buying an additional 6,131 shares during the period. EFG Asset Management Americas Corp.’s holdings in Hyatt Hotels were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of H. Vanguard Group Inc. boosted its stake in Hyatt Hotels by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after buying an additional 144,356 shares during the period. Principal Financial Group Inc. raised its holdings in Hyatt Hotels by 6.5% in the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares in the last quarter. Franklin Resources Inc. raised its holdings in Hyatt Hotels by 28.5% in the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after purchasing an additional 432,594 shares in the last quarter. Bank of Nova Scotia raised its holdings in Hyatt Hotels by 0.6% in the fourth quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock worth $218,105,000 after purchasing an additional 9,919 shares in the last quarter. Finally, Fiera Capital Corp raised its holdings in Hyatt Hotels by 0.9% in the fourth quarter. Fiera Capital Corp now owns 574,778 shares of the company’s stock worth $74,957,000 after purchasing an additional 5,142 shares in the last quarter. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Trading Down 1.9 %

Shares of NYSE:H traded down $2.78 during midday trading on Friday, reaching $144.50. 616,799 shares of the company’s stock were exchanged, compared to its average volume of 608,165. The firm’s 50 day simple moving average is $146.88 and its two-hundred day simple moving average is $149.77. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 22.44 and a beta of 1.50. Hyatt Hotels Co. has a fifty-two week low of $96.77 and a fifty-two week high of $162.24.

Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business posted $0.82 EPS. As a group, sell-side analysts forecast that Hyatt Hotels Co. will post 3.97 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Tuesday, August 27th. Hyatt Hotels’s payout ratio is presently 9.32%.

Insider Activity

In other news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction that occurred on 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 owns 623,556 shares in the company, valued at $93,389,982.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the sale, the director now owns 20,219 shares of the company’s stock, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,796 shares of company stock worth $14,424,763. 23.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

H has been the topic of several recent analyst reports. Macquarie cut their price objective on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Barclays upped their price objective on shares of Hyatt Hotels from $146.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Finally, Truist Financial cut their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.06.

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.