Nicola Wealth Management LTD. Increases Holdings in Hyatt Hotels Corporation $H

Key Points

• Nicola Wealth Management LTD. increased its holdings in Hyatt Hotels Corporation by 18.9%, owning approximately 138,500 shares after acquiring an additional 22,000 shares in the first quarter.
• Hyatt Hotels received mixed ratings from analysts, with two analysts giving a Strong Buy rating and an average price target of $152.68, while other firms have downgraded their assessments.
• Hyatt Hotels declared a quarterly dividend of $0.15, with a current yield of 0.4%, reflecting a payout ratio of 14.25%.

Nicola Wealth Management LTD. grew its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 18.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,500 shares of the company's stock after buying an additional 22,000 shares during the period. Hyatt Hotels accounts for 1.7% of Nicola Wealth Management LTD.'s portfolio, making the stock its 21st biggest position. Nicola Wealth Management LTD. owned approximately 0.15% of Hyatt Hotels worth $16,966,000 as of its most recent SEC filing.

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

Insider Activity at Hyatt Hotels

In other news, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following the sale, the director owned 498 shares in the company, valued at $66,084.60. This represents a 66.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Udell sold 4,051 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the transaction, the insider owned 16,756 shares of the company's stock, valued at $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on H. Wall Street Zen lowered shares of Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Deutsche Bank Aktiengesellschaft upgraded Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Citigroup upgraded shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and raised their target price for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Raymond James Financial upgraded 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. Finally, Barclays reduced their target price 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. Two equities research 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.68.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $1.24 during trading hours on Wednesday, reaching $142.13. The company's stock had a trading volume of 164,303 shares, compared to its average volume of 936,958. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The stock has a market cap of $13.57 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.21 and a beta of 1.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a 50 day moving average price of $143.60 and a 200-day moving average price of $132.39.

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

Hyatt Hotels Dividend Announcement

The company also recently declared 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. 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 currently 14.25%.

Hyatt Hotels Company 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.