Hyatt Hotels Corporation $H Stock Position Lifted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Hyatt Hotels Corporation by 12.7%, owning 27,651 shares valued at approximately $3.39 million at the end of the recent reporting period.
• Major shareholder Hotels Corp Hyatt acquired nearly 1 million shares in a recent transaction, raising their total ownership to approximately $1.58 billion.
• Analysts have mixed ratings for Hyatt Hotels, with the consensus rating being a "Moderate Buy"** and a target price averaging $152.26.

Russell Investments Group Ltd. boosted its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 12.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,651 shares of the company's stock after purchasing an additional 3,117 shares during the period. Russell Investments Group Ltd.'s holdings in Hyatt Hotels were worth $3,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position 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 in the last quarter. Bridges Investment Management Inc. grew its position in Hyatt Hotels by 87.0% during the first quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock valued at $995,000 after purchasing an additional 3,778 shares in the last quarter. TT International Asset Management LTD grew its position in Hyatt Hotels by 10.0% in the first quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock worth $4,535,000 after acquiring an additional 3,360 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new stake in Hyatt Hotels in the first quarter worth approximately $1,155,000. Finally, Janney Montgomery Scott LLC bought a new stake in Hyatt Hotels in the first quarter worth approximately $488,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Hyatt Hotels

In related news, major shareholder Hotels Corp Hyatt purchased 996,587 shares of Hyatt Hotels stock in a transaction on Friday, June 13th. The stock was purchased at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the acquisition, the insider directly owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $135.00, for a total transaction of $216,000.00. Following the completion of the sale, the director directly owned 37,825 shares of the company's stock, valued at approximately $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. Insiders sold 6,491 shares of company stock valued at $870,211 in the last quarter. Company insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on H shares. The Goldman Sachs Group boosted their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the stock a "sell" rating in a research report on Friday, May 2nd. Macquarie decreased 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. Truist Financial decreased their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Finally, Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective for the company in a report on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hyatt Hotels currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.26.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $144.0140 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The firm has a fifty day moving average price of $142.06 and a two-hundred day moving average price of $132.94. The company has a market cap of $13.75 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings results 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. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned $1.53 EPS. Analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.