Short Interest in Hyatt Hotels Co. (NYSE:H) Expands By 10.2%

Hyatt Hotels Co. (NYSE:H) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,640,000 shares, a growth of 10.2% from the August 15th total of 4,210,000 shares. Based on an average daily volume of 575,200 shares, the short-interest ratio is presently 8.1 days.

Analyst Upgrades and Downgrades

H has been the topic of several research reports. Robert W. Baird cut their price target 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. Morgan Stanley reduced their target price on shares of Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Hyatt Hotels from $127.00 to $120.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Sanford C. Bernstein decreased their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $148.21.

Insider Buying and Selling at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hyatt Hotels

A number of hedge funds have recently bought and sold shares of H. Norges Bank acquired a new stake in Hyatt Hotels during the fourth quarter worth about $72,086,000. Bain Capital Public Equity Management II LLC bought a new stake in shares of Hyatt Hotels in the 4th quarter worth approximately $57,284,000. Franklin Resources Inc. boosted its position in Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock valued at $254,061,000 after purchasing an additional 432,594 shares during the period. Artemis Investment Management LLP acquired a new stake in Hyatt Hotels in the first quarter worth $48,302,000. Finally, 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 last quarter. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Trading Down 0.1 %

Shares of H traded down $0.20 during trading hours on Wednesday, hitting $148.18. The stock had a trading volume of 351,705 shares, compared to its average volume of 604,298. The company’s fifty day simple moving average is $146.39 and its 200 day simple moving average is $149.77. Hyatt Hotels has a 12-month low of $96.77 and a 12-month high of $162.24. 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 firm has a market cap of $14.99 billion, a P/E ratio of 23.02 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last issued its earnings results 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. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a return on equity of 10.25% and a net margin of 14.55%. During the same quarter in the prior year, the business earned $0.82 earnings per share. Equities research analysts forecast that Hyatt Hotels will post 3.97 EPS 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. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Tuesday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 9.32%.

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.