ABS Investment Management LLC Takes Position in Hyatt Hotels Corporation $H

ABS Investment Management LLC acquired a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,000 shares of the company's stock, valued at approximately $2,205,400,000. Hyatt Hotels makes up 1.5% of ABS Investment Management LLC's portfolio, making the stock its 17th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of H. BlackRock Inc. purchased a new position in Hyatt Hotels during the 2nd quarter worth approximately $249,931,000. Veritas Asset Management LLP boosted its holdings in shares of Hyatt Hotels by 827.9% in the 4th quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company's stock valued at $304,675,000 after acquiring an additional 1,695,616 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company's stock worth $749,675,000 after acquiring an additional 1,516,554 shares during the period. Bank of America Corp DE raised its holdings in shares of Hyatt Hotels by 84.5% during the second quarter. Bank of America Corp DE now owns 1,228,396 shares of the company's stock worth $171,545,000 after purchasing an additional 562,611 shares during the last quarter. Finally, Par Capital Management Inc. lifted its position in Hyatt Hotels by 551.8% during the second quarter. Par Capital Management Inc. now owns 371,261 shares of the company's stock valued at $51,847,000 after purchasing an additional 314,300 shares during the period. Hedge funds and other institutional investors own 73.54% of the company's stock.

Hyatt Hotels Stock Performance

Shares of H stock opened at $177.00 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01. Hyatt Hotels Corporation has a 12-month low of $134.18 and a 12-month high of $206.86. The business's 50 day moving average is $186.64 and its two-hundred day moving average is $172.53. The company has a market capitalization of $16.68 billion, a P/E ratio of 215.85 and a beta of 1.33.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. Analysts expect that Hyatt Hotels Corporation will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels's dividend payout ratio is currently 73.17%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Peter Sears sold 10,217 shares of the business's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the transaction, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. The trade was a 61.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Udell sold 2,087 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $188.00, for a total value of $392,356.00. Following the transaction, the insider directly owned 16,638 shares in the company, valued at $3,127,944. This trade represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,004 shares of company stock valued at $2,595,040 over the last ninety days. Corporate insiders own 23.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Mizuho increased their price target on Hyatt Hotels from $219.00 to $221.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. Robert W. Baird decreased their price objective on Hyatt Hotels from $198.00 to $191.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. HSBC raised Hyatt Hotels from a "hold" rating to a "buy" rating and set a $212.00 target price on the stock in a report on Thursday, June 4th. Barclays reduced their price target on Hyatt Hotels from $220.00 to $201.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Finally, Morgan Stanley decreased their price target on Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating for the company in a report on Tuesday, August 18th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Moderate Buy" and a consensus target price of $196.64.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt's business model combines property ownership, management contracts and third-party franchising.

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