Cwm LLC Sells 2,011 Shares of Hyatt Hotels Corporation $H

Key Points

• Cwm LLC has reduced its stake in Hyatt Hotels Corporation by 30.9%, now holding 4,487 shares valued at approximately $627,000.
• Institutional investors collectively own 73.54% of Hyatt's stock, with significant transactions including Long Pond Capital LP acquiring a new stake worth about $191.9 million.
• Analysts have shown a positive outlook on Hyatt Hotels, with Morgan Stanley upgrading the stock to "overweight" and raising the target price from $147 to $168.

Cwm LLC reduced its position in Hyatt Hotels Corporation (NYSE:H - Free Report) by 30.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,487 shares of the company's stock after selling 2,011 shares during the period. Cwm LLC's holdings in Hyatt Hotels were worth $627,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of H. Long Pond Capital LP bought a new stake in shares of Hyatt Hotels in the 1st quarter valued at about $191,922,000. Principal Financial Group Inc. raised its position in shares of Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after purchasing an additional 441,417 shares during the last quarter. Nuveen LLC purchased a new position in shares of Hyatt Hotels in the 1st quarter valued at approximately $36,229,000. Senator Investment Group LP purchased a new position in shares of Hyatt Hotels in the 1st quarter valued at approximately $24,500,000. Finally, Bank of Nova Scotia raised its position in shares of Hyatt Hotels by 9.3% in the 1st quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after purchasing an additional 160,461 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hyatt Hotels

In other news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction that occurred on 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 transaction, the insider directly owned 16,756 shares of the company's stock, valued at $2,429,620. The trade was a 19.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

H has been the subject of several research analyst reports. Morgan Stanley raised shares of Hyatt Hotels from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $147.00 to $168.00 in a research report on Wednesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hyatt Hotels in a research report on Wednesday, October 8th. Barclays decreased their price objective 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. Citigroup raised shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and increased their price objective for the company from $138.00 to $167.00 in a research report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.76.

Hyatt Hotels Stock Performance

H opened at $148.33 on Friday. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month 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. The firm has a market capitalization of $14.16 billion, a PE ratio of 35.23, a P/E/G ratio of 2.41 and a beta of 1.41. The firm has a 50 day moving average of $143.76 and a two-hundred day moving average of $135.95.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results 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. The company 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 firm posted $1.53 EPS. On average, analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, August 27th. Hyatt Hotels's 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.

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