Nuveen LLC Takes $36.23 Million Position in Hyatt Hotels Corporation $H

Key Points

• Nuveen LLC has acquired 295,744 shares of Hyatt Hotels Corporation, valued at approximately $36.2 million, representing 0.31% ownership in the company as of its latest SEC filing.
• Several institutional investors have increased their stakes in Hyatt, with notable increases from Cerity Partners LLC (by 260%) and Barclays PLC (by 27.1%) in the fourth quarter.
• Hyatt has received recent upgrades from analysts, with Raymond James raising its rating to "strong-buy" and setting a target price of $165, while the consensus rating is a "Moderate Buy" with an average target of $152.26.

Nuveen LLC acquired a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 295,744 shares of the company's stock, valued at approximately $36,229,000. Nuveen LLC owned about 0.31% of Hyatt Hotels as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Aigen Investment Management LP grew its position in Hyatt Hotels by 280.1% during the 1st quarter. Aigen Investment Management LP now owns 17,922 shares of the company's stock worth $2,195,000 after purchasing an additional 13,207 shares during the last quarter. Entropy Technologies LP purchased a new position in Hyatt Hotels during the 1st quarter worth $515,000. Forsta AP Fonden purchased a new position in Hyatt Hotels during the 1st quarter worth $2,291,000. National Bank of Canada FI grew its position in Hyatt Hotels by 1,400.8% during the 1st quarter. National Bank of Canada FI now owns 32,703 shares of the company's stock worth $4,006,000 after purchasing an additional 30,524 shares during the last quarter. Finally, Citigroup Inc. grew its position in Hyatt Hotels by 111.1% during the 1st quarter. Citigroup Inc. now owns 64,730 shares of the company's stock worth $7,929,000 after purchasing an additional 34,061 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

H stock traded down $0.6590 during trading on Tuesday, reaching $139.8810. 1,522,767 shares of the company were exchanged, compared to its average volume of 958,524. The company has a market cap of $13.36 billion, a P/E ratio of 33.23, a PEG ratio of 2.12 and a beta of 1.46. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $168.20. The stock's 50 day moving average price is $141.57 and its 200 day moving average price is $133.28. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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. As a group, analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share 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. Shareholders 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 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels's payout ratio is presently 14.25%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on H shares. 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. Robert W. Baird lifted their target price on shares of Hyatt Hotels from $148.00 to $150.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Morgan Stanley lowered 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. Truist Financial lowered their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Finally, Melius Research raised shares of Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.26.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of Hyatt Hotels stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at approximately $66,084.60. The trade was a 66.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total transaction of $521,510.73. Following the transaction, the insider owned 16,756 shares of the company's stock, valued at approximately $2,245,806.68. The trade was a 18.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,491 shares of company stock worth $870,211. 23.70% of the stock is currently owned by insiders.

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.