Callan Family Office LLC Makes New $416,000 Investment in Hyatt Hotels Corporation $H

Key Points

• Callan Family Office LLC has made a new investment of approximately $416,000 in Hyatt Hotels Corporation, acquiring 2,980 shares during the 2nd quarter.
• The company's stock has shown a strong performance recently, with a market capitalization of $14.02 billion and a P/E ratio of 34.88.
• Hyatt Hotels reported $0.68 earnings per share for the last quarter, exceeding analysts' expectations and showing a revenue of $1.81 billion.

Callan Family Office LLC bought a new position in Hyatt Hotels Corporation (NYSE:H - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,980 shares of the company's stock, valued at approximately $416,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vontobel Holding Ltd. grew its stake in Hyatt Hotels by 7.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 2,055 shares of the company's stock worth $287,000 after acquiring an additional 136 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Hyatt Hotels by 2.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,600 shares of the company's stock valued at $2,039,000 after purchasing an additional 300 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Hyatt Hotels by 4.7% in the 2nd quarter. QRG Capital Management Inc. now owns 21,646 shares of the company's stock valued at $3,023,000 after purchasing an additional 979 shares during the last quarter. Invesco LLC acquired a new position in shares of Hyatt Hotels in the 2nd quarter valued at $286,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Hyatt Hotels by 33.2% in the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company's stock valued at $54,000 after purchasing an additional 96 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

H opened at $146.86 on Thursday. The company has a 50-day moving average of $142.78 and a 200-day moving average of $134.65. The company has a market capitalization of $14.02 billion, a P/E ratio of 34.88, a PEG ratio of 2.32 and a beta of 1.41. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70.

Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same quarter in the previous year, the firm earned $1.53 EPS. Equities analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels's dividend payout ratio is currently 14.25%.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the completion of the sale, the insider owned 16,756 shares of the company's stock, valued at $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on H. Wall Street Zen lowered shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Weiss Ratings restated a "hold (c)" rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Robert W. Baird lifted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Finally, Barclays reduced their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $152.68.

About Hyatt Hotels

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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