SCS Capital Management LLC Invests $407,000 in Hyatt Hotels Corporation $H

Key Points

• SCS Capital Management LLC has acquired a new position in Hyatt Hotels Corporation, purchasing 3,319 shares valued at approximately $407,000.
• Hyatt Hotels reported earnings per share of $0.68 for the last quarter, exceeding analysts' expectations of $0.62, with revenues totaling $1.81 billion.
• The company has recently declared a quarterly dividend of $0.15 per share, indicating a 0.4% dividend yield and a payout ratio of 14.25%.

SCS Capital Management LLC purchased a new position in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,319 shares of the company's stock, valued at approximately $407,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in shares of Hyatt Hotels in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new position in Hyatt Hotels during the first quarter worth $31,000. UMB Bank n.a. raised its holdings in Hyatt Hotels by 138.8% during the first quarter. UMB Bank n.a. now owns 499 shares of the company's stock worth $61,000 after purchasing an additional 290 shares during the last quarter. Flynn Zito Capital Management LLC raised its holdings in Hyatt Hotels by 13.2% during the first quarter. Flynn Zito Capital Management LLC now owns 1,914 shares of the company's stock worth $234,000 after purchasing an additional 223 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Hyatt Hotels by 5.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,093 shares of the company's stock worth $256,000 after buying an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Insider Activity

In related news, insider David Udell sold 4,051 shares of the firm's stock in a transaction dated 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 directly owned 16,756 shares in the company, valued at approximately $2,429,620. This trade represents a 19.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,000 shares of the firm's 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 sale, the director owned 498 shares of the company's stock, valued at $66,084.60. This trade represents a 66.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on H. Robert W. Baird raised their price target on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target for the company in a research report on Tuesday, July 1st. Citigroup raised Hyatt Hotels from a "neutral" rating to a "buy" rating and raised their price target for the stock from $138.00 to $167.00 in a research report on Tuesday, September 9th. 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. Finally, Wall Street Zen downgraded Hyatt Hotels from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $152.68.

Hyatt Hotels Stock Down 0.7%

Shares of Hyatt Hotels stock traded down $1.03 on Wednesday, reaching $142.34. 87,228 shares of the company were exchanged, compared to its average volume of 936,517. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 2.21 and a beta of 1.43. 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 company has a 50-day moving average of $143.60 and a 200 day moving average of $132.39.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the business posted $1.53 EPS. On average, equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, 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 was Wednesday, August 27th. Hyatt Hotels's dividend payout ratio (DPR) is 14.25%.

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.