Invesco LLC Takes Position in Hyatt Hotels Corporation $H

Key Points

• Invesco LLC acquired a new position in Hyatt Hotels by purchasing 2,048 shares valued at approximately $286,000 during the 2nd quarter.
• Hyatt Hotels reported earnings of $0.68 per share for the quarter, exceeding estimates, with revenues of $1.81 billion against analyst predictions of $1.74 billion.
• Analysts have mixed ratings on Hyatt Hotels, with price targets ranging from a reduction by Barclays to a raise by Raymond James, reflecting a consensus target price of $152.68.

Invesco LLC purchased a new position in Hyatt Hotels Corporation (NYSE:H - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,048 shares of the company's stock, valued at approximately $286,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Toronto Dominion Bank increased its position in shares of Hyatt Hotels by 5.2% during the 4th quarter. Toronto Dominion Bank now owns 6,056 shares of the company's stock valued at $951,000 after purchasing an additional 301 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Hyatt Hotels by 14.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,326 shares of the company's stock valued at $365,000 after acquiring an additional 291 shares during the last quarter. GAMMA Investing LLC raised 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 acquiring an additional 85,919 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Hyatt Hotels by 38.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,295 shares of the company's stock worth $281,000 after acquiring an additional 635 shares during the last quarter. Finally, Procyon Advisors LLC boosted its stake in shares of Hyatt Hotels by 8.1% during the 1st quarter. Procyon Advisors LLC now owns 3,560 shares of the company's stock worth $436,000 after purchasing an additional 267 shares during the period. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

Shares of H stock opened at $142.52 on Monday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The stock has a fifty day simple moving average of $142.31 and a two-hundred day simple moving average of $132.86. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 33.85, a P/E/G ratio of 2.24 and a beta of 1.43.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the firm posted $1.53 earnings per share. On average, analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Robert W. Baird boosted their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a research note on Tuesday, July 1st. Finally, Wall Street Zen lowered shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hyatt Hotels has a consensus rating of "Moderate Buy" and a consensus target price of $152.68.

Insider Buying and Selling at Hyatt Hotels

In related news, insider David Udell sold 4,051 shares of the company's stock in a transaction 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 completion of the sale, the insider directly owned 16,756 shares in the company, valued at $2,429,620. This represents a 19.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 23.70% of the stock is owned by company insiders.

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.

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.