Entropy Technologies LP Makes New $515,000 Investment in Hyatt Hotels Corporation (NYSE:H)

Key Points

• Entropy Technologies LP acquired 4,205 shares of Hyatt Hotels Corporation, representing a stake valued at approximately $515,000.
• Hyatt's quarterly earnings report showed an EPS of $0.68, surpassing estimates, and a revenue of $1.81 billion against a consensus of $1.74 billion.
• Hyatt Hotels announced a quarterly dividend of $0.15 per share, with an upcoming payment date on September 10th and a current dividend yield of 0.4%.

Entropy Technologies LP bought a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,205 shares of the company's stock, valued at approximately $515,000.

Several other large investors have also recently added to or reduced their stakes in H. Principal Financial Group Inc. increased its stake in Hyatt Hotels by 16.4% during the first quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock worth $384,132,000 after acquiring an additional 441,417 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $43,953,000. Deutsche Bank AG grew its stake in shares of Hyatt Hotels by 209.8% in the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock valued at $40,118,000 after buying an additional 173,075 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Hyatt Hotels by 9.3% in the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock valued at $229,987,000 after buying an additional 160,461 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Hyatt Hotels by 8,136.3% in the first quarter. GAMMA Investing LLC now owns 86,975 shares of the company's stock valued at $106,540,000 after buying an additional 85,919 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

H has been the subject of a number of recent analyst reports. Macquarie lowered their price objective on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Truist Financial lowered their price objective on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Evercore ISI lowered their price objective on Hyatt Hotels from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their price objective on 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. Finally, Barclays reduced their target price on 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.26.

Insider Transactions at Hyatt Hotels

In other news, major shareholder Hotels Corp Hyatt purchased 996,587 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David Udell sold 3,891 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total value of $521,510.73. Following the transaction, the insider owned 16,756 shares in the company, valued at $2,245,806.68. This represents a 18.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,491 shares of company stock valued at $870,211. 23.70% of the stock is currently owned by insiders.

Hyatt Hotels Stock Down 1.2%

Shares of NYSE:H traded down $1.68 on Friday, reaching $141.24. The company had a trading volume of 1,018,125 shares, compared to its average volume of 979,893. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The stock has a 50-day moving average price of $141.44 and a 200 day moving average price of $133.59. The stock has a market capitalization of $13.48 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.12 and a beta of 1.46. The company has a quick ratio of 0.98, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data 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. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the firm earned $1.53 EPS. On average, equities analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

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

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.