Hyatt Hotels Corporation $H Shares Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its holdings in Hyatt Hotels by 10.6%, owning approximately 0.59% of the company valued at $68.94 million after acquiring 53,875 additional shares.
• Major shareholder Hotels Corp Hyatt purchased 996,587 shares at an average cost of $13.50 per share, increasing their total ownership to over 117 million shares valued at approximately $1.58 billion.
• Hyatt Hotels reported a quarterly EPS of $0.68, surpassing estimates, and announced a dividend of $0.15 per share with a yield of 0.4%, to be paid on September 10th.

Alliancebernstein L.P. increased its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 562,776 shares of the company's stock after acquiring an additional 53,875 shares during the period. Alliancebernstein L.P. owned approximately 0.59% of Hyatt Hotels worth $68,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of H. Bernard Wealth Management Corp. acquired a new position in Hyatt Hotels during the fourth quarter worth $26,000. Bank of Jackson Hole Trust acquired a new stake in Hyatt Hotels in the first quarter valued at $31,000. UMB Bank n.a. grew its holdings in Hyatt Hotels by 138.8% in the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after purchasing an additional 290 shares during the last quarter. Flynn Zito Capital Management LLC grew its holdings in Hyatt Hotels by 13.2% in the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock valued at $234,000 after purchasing an additional 223 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Hyatt Hotels by 5.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock valued at $256,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company's stock.

Insiders Place Their Bets

In other Hyatt Hotels news, major shareholder Hotels Corp Hyatt bought 996,587 shares of Hyatt Hotels 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 transaction, the insider owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. This represents a 0.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $135.00, for a total value of $216,000.00. Following the transaction, the director owned 37,825 shares in the company, valued at $5,106,375. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,542 shares of company stock valued at $1,457,606. 23.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

H has been the topic of several research reports. Truist Financial upped their target price on Hyatt Hotels from $140.00 to $159.00 and gave the company a "buy" rating in a report on Wednesday. Robert W. Baird upped their target price on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen lowered Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Finally, Barclays lowered 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 research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of "Moderate Buy" and an average target price of $151.89.

Hyatt Hotels Stock Down 0.3%

H opened at $144.91 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The firm has a market cap of $13.84 billion, a P/E ratio of 34.42, a PEG ratio of 2.16 and a beta of 1.43. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The business's fifty day simple moving average is $143.85 and its 200 day simple moving average is $132.24.

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

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date 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 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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