Campbell & CO Investment Adviser LLC Acquires New Holdings in Hyatt Hotels Corporation $H

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in Hyatt Hotels Corporation, purchasing 16,518 shares valued at approximately $2.02 million.
• Hyatt Hotels reported an earnings per share (EPS) of $0.68 for the recent quarter, exceeding analysts' expectations of $0.62, with revenues reaching $1.81 billion.
• The company is set to pay a quarterly dividend of $0.15 per share on September 10th, with a current dividend yield of 0.4%.

Campbell & CO Investment Adviser LLC purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 16,518 shares of the company's stock, valued at approximately $2,023,000.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Hyatt Hotels by 5.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after purchasing an additional 110 shares during the period. Snowden Capital Advisors LLC increased its holdings in Hyatt Hotels by 2.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 5,025 shares of the company's stock worth $789,000 after buying an additional 116 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in Hyatt Hotels by 0.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 12,969 shares of the company's stock worth $1,587,000 after acquiring an additional 121 shares during the period. Bernard Wealth Management Corp. bought a new stake in Hyatt Hotels in the fourth quarter worth about $26,000. Finally, State of Michigan Retirement System raised its position 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 worth $1,250,000 after acquiring an additional 200 shares during the period. Institutional investors own 73.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on H shares. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Evercore ISI reduced their target price on shares of Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Barclays reduced 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 report on Friday, August 8th. Truist Financial lowered their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Macquarie cut their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.26.

Insiders Place Their Bets

In other Hyatt Hotels news, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total value of $521,510.73. Following the completion of the sale, the insider owned 16,756 shares of the company's stock, valued at approximately $2,245,806.68. This trade represents a 18.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $13.50 per share, with a total value of $13,453,924.50. Following the purchase, the insider directly owned 117,077,441 shares of the company's stock, valued at approximately $1,580,545,453.50. The trade was a 0.86% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 6,491 shares of company stock valued at $870,211. 23.70% of the stock is currently owned by company insiders.

Hyatt Hotels Stock Up 0.6%

H traded up $0.82 during midday trading on Thursday, reaching $145.60. The company's stock had a trading volume of 842,036 shares, compared to its average volume of 957,342. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.23 and a beta of 1.46. The stock's 50-day moving average is $142.62 and its 200-day moving average is $132.70. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45.

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

Hyatt Hotels Announces Dividend

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

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.