Hyatt Hotels Corporation (NYSE:H) Shares Bought by Rathbones Group PLC

Rathbones Group PLC grew its position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 92.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,717 shares of the company's stock after purchasing an additional 1,787 shares during the period. Rathbones Group PLC's holdings in Hyatt Hotels were worth $455,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of H. Principal Financial Group Inc. boosted its position in shares of Hyatt Hotels by 16.4% in 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. Nuveen LLC acquired a new stake in shares of Hyatt Hotels in the first quarter worth approximately $36,229,000. Alyeska Investment Group L.P. acquired a new stake in shares of Hyatt Hotels in the fourth quarter worth approximately $43,953,000. Deutsche Bank AG lifted its position in Hyatt Hotels by 209.8% during 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. Finally, Bank of Nova Scotia grew its stake in Hyatt Hotels by 9.3% during the first quarter. Bank of Nova Scotia now owns 1,877,447 shares of the company's stock worth $229,987,000 after buying an additional 160,461 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Hyatt Hotels from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. The Goldman Sachs Group lifted their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a report on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Hyatt Hotels currently has a consensus rating of "Moderate Buy" and an average target price of $152.26.

Hyatt Hotels Stock Down 1.4%

Shares of NYSE:H opened at $143.19 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.98 and a debt-to-equity ratio of 1.45. The company has a fifty day simple moving average of $141.27 and a 200 day simple moving average of $133.87. The firm has a market cap of $13.67 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.19 and a beta of 1.46. 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 issued 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 business 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 quarter in the previous year, the firm earned $1.53 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be paid 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 payout ratio is presently 14.25%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, major shareholder Hotels Corp Hyatt bought 996,587 shares of the stock in a transaction on Friday, June 13th. The stock was purchased at an average price 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 1,000 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the sale, the director owned 498 shares of the company's stock, valued at approximately $66,084.60. The trade was a 66.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,491 shares of company stock worth $870,211 in the last ninety days. 23.70% of the stock is currently owned by company insiders.

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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