Assenagon Asset Management S.A. Buys New Position in Hyatt Hotels Corporation $H

Assenagon Asset Management S.A. bought a new stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,751 shares of the company's stock, valued at approximately $3,449,000.

A number of other hedge funds have also recently made changes to their positions in H. Wedmont Private Capital purchased a new stake in shares of Hyatt Hotels in the third quarter valued at approximately $333,000. GAMMA Investing LLC increased its holdings in Hyatt Hotels by 31.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,229 shares of the company's stock worth $353,000 after purchasing an additional 528 shares during the period. Red Spruce Capital LLC increased its holdings in Hyatt Hotels by 1.1% during the 3rd quarter. Red Spruce Capital LLC now owns 13,258 shares of the company's stock worth $2,102,000 after purchasing an additional 147 shares during the period. Cooper Financial Group grew its position in shares of Hyatt Hotels by 3.5% during the 3rd quarter. Cooper Financial Group now owns 5,105 shares of the company's stock worth $809,000 after buying an additional 171 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Hyatt Hotels by 16.1% during the third quarter. Versant Capital Management Inc now owns 475 shares of the company's stock valued at $75,000 after buying an additional 66 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Hyatt Hotels from $209.00 to $207.00 and set an "overweight" rating for the company in a research report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Hyatt Hotels from $184.00 to $189.00 and gave the company an "equal weight" rating in a report on Monday. Susquehanna reduced their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a "neutral" rating for the company in a research note on Tuesday, October 13th. Morgan Stanley upped their target price on Hyatt Hotels from $209.00 to $211.00 and gave the stock an "overweight" rating in a report on Monday, October 12th. Finally, Freedom Broker began coverage on Hyatt Hotels in a research report on Wednesday, October 14th. They set a "buy" rating and a $192.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $197.44.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $178.73 on Thursday. Hyatt Hotels Corporation has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The company has a market cap of $16.84 billion, a PE ratio of 217.96 and a beta of 1.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50-day simple moving average of $166.17 and a two-hundred day simple moving average of $174.71.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, equities analysts expect that Hyatt Hotels Corporation will post 3.51 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

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

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. The trade was a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amar Lalvani sold 1,364 shares of the firm's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total transaction of $222,413.84. Following the transaction, the insider directly owned 4,894 shares of the company's stock, valued at approximately $798,015.64. This trade represents a 21.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 23.60% of the stock is owned by corporate insiders.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts, vacation properties and other lodging-related businesses. Its portfolio serves business and leisure travelers across full-service, select-service, luxury, lifestyle, wellness, all-inclusive and extended-stay segments.

The company operates a broad collection of brands, including Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Hyatt Centric, Hyatt Place, Hyatt House, Miraval, Alila, Destination by Hyatt and The Unbound Collection by Hyatt.

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