Exchange Traded Concepts LLC Raises Stock Holdings in Hyatt Hotels Corporation $H

Key Points

• Exchange Traded Concepts LLC increased its stake in Hyatt Hotels by 94.4% in Q2, owning 17,377 shares valued at $2,427,000.
• Hyatt Hotels reported $1.81 billion in revenue for the latest quarter, exceeding expectations, and its earnings per share (EPS) was $0.68, beating the consensus estimate of $0.62.
• The company recently declared a quarterly dividend of $0.15 per share, with a payout ratio of 14.25%, reflecting financial stability amid supportive analyst ratings.

Exchange Traded Concepts LLC lifted its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 94.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,377 shares of the company's stock after acquiring an additional 8,440 shares during the quarter. Exchange Traded Concepts LLC's holdings in Hyatt Hotels were worth $2,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Alaska Department of Revenue grew its holdings in Hyatt Hotels by 127.9% during the first quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock valued at $1,346,000 after purchasing an additional 6,170 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of Hyatt Hotels by 87.0% in the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock worth $995,000 after acquiring an additional 3,778 shares during the period. ASR Vermogensbeheer N.V. purchased a new position in shares of Hyatt Hotels in the first quarter valued at $1,155,000. TT International Asset Management LTD grew its position in shares of Hyatt Hotels by 10.0% in the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock valued at $4,535,000 after purchasing an additional 3,360 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Hyatt Hotels by 12.7% in the first quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company's stock valued at $3,386,000 after purchasing an additional 3,117 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Up 0.2%

H opened at $142.98 on Friday. The company has a market cap of $13.65 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.25 and a beta of 1.43. The business's 50-day moving average price is $143.14 and its 200-day moving average price is $132.46. 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 Corporation has a 12 month low of $102.43 and a 12 month high of $168.20.

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

Hyatt Hotels Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on H. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Truist Financial lifted their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Barclays dropped their price objective on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Robert W. Baird lifted their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target for the company in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Hyatt Hotels currently has an average rating of "Moderate Buy" and a consensus target price of $152.68.

Insiders Place Their Bets

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of Hyatt Hotels stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider directly owned 16,756 shares of the company's stock, valued at approximately $2,429,620. The trade was a 19.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 23.70% of the company's stock.

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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