AlphaQuest LLC Boosts Stock Holdings in Hyatt Hotels Corporation $H

Key Points

• AlphaQuest LLC significantly increased its stake in Hyatt Hotels by 211.1% during the first quarter, holding 3,886 shares valued at $476,000.
• Hyatt Hotels recently announced a quarterly dividend of $0.15 per share, with an ex-dividend date of August 27th, resulting in a 0.4% yield.
• Wall Street analysts have mixed views on Hyatt Hotels, with a consensus rating of "Moderate Buy" and an average target price of $152.26.

AlphaQuest LLC increased its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 211.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,886 shares of the company's stock after acquiring an additional 2,637 shares during the quarter. AlphaQuest LLC's holdings in Hyatt Hotels were worth $476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of H. Bernard Wealth Management Corp. bought a new position in shares of Hyatt Hotels in the fourth quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in shares of Hyatt Hotels in the first quarter valued at $31,000. UMB Bank n.a. lifted its stake in shares of Hyatt Hotels by 138.8% in the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after buying an additional 290 shares in the last quarter. Flynn Zito Capital Management LLC lifted its stake in shares of Hyatt Hotels by 13.2% in the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after buying an additional 223 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after buying an additional 110 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on H. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective on the stock in a research note on Tuesday, July 1st. Robert W. Baird raised their price objective on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Truist Financial lowered their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Moderate Buy" and a consensus price target of $150.83.

Hyatt Hotels Stock Performance

NYSE H traded down $1.28 during trading hours on Friday, reaching $144.12. 685,727 shares of the company were exchanged, compared to its average volume of 1,062,555. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The business's 50 day simple moving average is $143.13 and its 200-day simple moving average is $132.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $13.76 billion, a P/E ratio of 34.23, a P/E/G ratio of 2.26 and a beta of 1.46.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company posted $1.53 earnings per share. On average, equities research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 27th. Hyatt Hotels's dividend payout ratio (DPR) is 14.25%.

Insider Activity at Hyatt Hotels

In other news, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total value of $521,510.73. Following the completion of the transaction, the insider owned 16,756 shares in the company, valued at $2,245,806.68. This trade represents a 18.85% 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. Also, Director Cary D. Mcmillan sold 1,000 shares of Hyatt Hotels stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the transaction, the director owned 498 shares of the company's stock, valued at $66,084.60. The trade was a 66.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,491 shares of company stock worth $870,211. 23.70% of the stock is currently owned by corporate insiders.

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.