Nykredit A S Invests $8.02 Million in Hyatt Hotels Corporation $H

Key Points

• Nykredit A/S purchased 41,365 Hyatt Hotels shares worth approximately $8.02 million in the second quarter. Institutional investors collectively own 73.54% of Hyatt’s stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $197.80; individual targets range from $185 to $209.
• Hyatt exceeded quarterly earnings expectations, reporting $1.12 in EPS versus the $0.91 consensus and $1.83 billion in revenue. The company also paid a quarterly dividend of $0.15 per share, while two insiders recently sold shares.

Nykredit A S purchased a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 41,365 shares of the company's stock, valued at approximately $8,018,000.

A number of other institutional investors and hedge funds have also made changes to their positions in H. Bank of New York Mellon Corp purchased a new position in shares of Hyatt Hotels in the 2nd quarter valued at approximately $56,408,000. Goldman Sachs Group Inc. raised its stake in shares of Hyatt Hotels by 27.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 585,530 shares of the company's stock worth $93,872,000 after purchasing an additional 126,877 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Hyatt Hotels during the fourth quarter worth $18,699,000. Fiera Capital Corp lifted its holdings in shares of Hyatt Hotels by 33.5% during the fourth quarter. Fiera Capital Corp now owns 324,332 shares of the company's stock worth $51,997,000 after purchasing an additional 81,308 shares during the period. Finally, Amundi grew its position in Hyatt Hotels by 70.9% in the 1st quarter. Amundi now owns 189,272 shares of the company's stock valued at $27,215,000 after buying an additional 78,544 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on H. Wolfe Research began coverage on shares of Hyatt Hotels in a report on Wednesday, September 2nd. They set an "outperform" rating and a $203.00 price target for the company. Truist Financial lifted their price target on Hyatt Hotels from $187.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, September 10th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Morgan Stanley reduced their target price on Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating for the company in a report on Tuesday, August 18th. Finally, Susquehanna boosted their target price on shares of Hyatt Hotels from $180.00 to $185.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of "Moderate Buy" and an average target price of $197.80.

Hyatt Hotels Stock Performance

NYSE H opened at $156.93 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.01. Hyatt Hotels Corporation has a fifty-two week low of $134.18 and a fifty-two week high of $206.86. The business has a fifty day moving average of $174.92 and a 200-day moving average of $172.28. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 191.38 and a beta of 1.34.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.21. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. As a group, analysts predict that Hyatt Hotels Corporation will post 3.54 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, August 27th. Hyatt Hotels's payout ratio is presently 73.17%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Amar Lalvani sold 1,364 shares of Hyatt Hotels stock in a transaction on Monday, September 14th. The stock was sold at an average price of $163.06, for a total value of $222,413.84. Following the completion of the sale, the insider owned 4,894 shares of the company's stock, valued at $798,015.64. The trade was a 21.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Kronick sold 1,700 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the transaction, the director directly owned 29,525 shares of the company's stock, valued at approximately $5,310,957. This represents a 5.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 23.60% of the company's stock.

About Hyatt Hotels

Hyatt Hotels Corporation NYSE: H is a global hospitality company that develops, owns, manages, franchises and licenses hotels, resorts and other lodging properties. Its portfolio serves business and leisure travelers across a range of price points, from luxury and lifestyle accommodations to full-service and select-service hotels.

The company's brands include Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, The Unbound Collection by Hyatt, Destination by Hyatt, Hyatt Place and Hyatt House.

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