Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $282,000 in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Arrowpoint Investment Partners Singapore invested approximately $282,000 in Hyatt Hotels Corporation by acquiring 2,300 shares in the first quarter, highlighting interest from institutional investors in the hospitality sector.
• Analysts have mixed ratings on Hyatt Hotels, with Goldman Sachs forecasting a price target increase to $123 while Deutsche Bank upgraded the stock to a "buy" rating, leading to a current consensus of "Moderate Buy" with a target price of $152.26.
• Hyatt recently announced a quarterly dividend of $0.15, with a low payout ratio of 14.25%, showing potential for dividend stability and incremental income for shareholders.

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,300 shares of the company's stock, valued at approximately $282,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Townsquare Capital LLC grew its position in Hyatt Hotels by 3.4% in the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock valued at $440,000 after purchasing an additional 92 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in 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 acquiring an additional 110 shares during the last quarter. Snowden Capital Advisors LLC lifted its stake in Hyatt Hotels by 2.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock valued at $789,000 after acquiring an additional 116 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the fourth quarter valued at $26,000. Finally, State of Michigan Retirement System lifted its stake in Hyatt Hotels by 2.0% in the first quarter. State of Michigan Retirement System now owns 10,200 shares of the company's stock valued at $1,250,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 73.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on H shares. The Goldman Sachs Group increased their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research note on Monday, July 14th. Morgan Stanley cut their price target on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial cut their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Finally, Barclays cut their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.26.

Hyatt Hotels Price Performance

NYSE:H opened at $140.66 on Wednesday. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.29 and a beta of 1.46. The firm's 50-day simple moving average is $140.72 and its 200 day simple moving average is $133.88. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.70.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 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 for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the firm earned $1.53 earnings per share. As a group, sell-side analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels's payout ratio is presently 14.25%.

Insider Activity

In other news, Director Cary D. Mcmillan sold 1,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the transaction, the director directly owned 498 shares in the company, valued at approximately $66,084.60. The trade was a 66.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total transaction of $216,000.00. Following the completion of the transaction, the director owned 37,825 shares of the company's stock, valued at $5,106,375. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,491 shares of company stock valued at $870,211 over the last quarter. 23.70% of the stock is owned by corporate insiders.

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.

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