PDT Partners LLC Invests $1.65 Million in Hyatt Hotels Corporation $H

Key Points

• PDT Partners LLC invested approximately $1.65 million in Hyatt Hotels, acquiring 13,436 shares in the first quarter, showcasing institutional interest in the company.
• Hyatt Hotels' recent earnings report beat expectations with a revenue of $1.81 billion and earnings per share of $0.68, demonstrating positive growth.
• The company announced a quarterly dividend of $0.15 per share, reflecting a 0.4% yield, set to be paid to investors of record on September 10th.

PDT Partners LLC bought a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 13,436 shares of the company's stock, valued at approximately $1,646,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Hyatt Hotels by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 3,920,488 shares of the company's stock valued at $480,260,000 after acquiring an additional 21,190 shares in the last quarter. Principal Financial Group Inc. grew its position in Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after acquiring an additional 441,417 shares in the last quarter. Bank of Nova Scotia grew its position in shares of 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 in the last quarter. Wellington Management Group LLP grew its position in shares of Hyatt Hotels by 6.9% during the first quarter. Wellington Management Group LLP now owns 1,800,639 shares of the company's stock worth $220,578,000 after buying an additional 116,813 shares in the last quarter. Finally, Long Pond Capital LP acquired a new position in shares of Hyatt Hotels during the first quarter worth about $191,922,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Stock Down 0.3%

H traded down $0.37 on Friday, reaching $144.91. The company's stock had a trading volume of 611,825 shares, compared to its average volume of 893,931. The stock has a 50 day moving average of $143.85 and a two-hundred day moving average of $132.35. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 2.16 and a beta of 1.43. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same period in the prior year, the company posted $1.53 earnings per share. As a group, analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be paid a $0.15 dividend. 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 currently 14.25%.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $132.70, for a total value of $132,700.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Udell sold 4,051 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total value of $587,395.00. Following the completion of the sale, the insider owned 16,756 shares of the company's stock, valued at approximately $2,429,620. This represents a 19.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,542 shares of company stock worth $1,457,606 in the last three months. Corporate insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

H has been the subject of a number of analyst reports. Truist Financial boosted their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays lowered their price objective on Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price objective for the company in a research report on Tuesday, July 1st. Robert W. Baird boosted their price objective on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hyatt Hotels has an average rating of "Moderate Buy" and an average price target of $151.89.

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.