3,319 Shares in Hyatt Hotels Corporation $H Bought by SCS Capital Management LLC

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) in 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.

A number of other large investors have also recently added to or reduced their stakes in H. Captrust Financial Advisors purchased a new stake in Hyatt Hotels in the fourth quarter valued at $769,000. Cetera Investment Advisers boosted its stake in Hyatt Hotels by 24.3% during the fourth quarter. Cetera Investment Advisers now owns 5,853 shares of the company's stock worth $919,000 after buying an additional 1,146 shares during the period. Graham Capital Management L.P. increased its position in shares of Hyatt Hotels by 30.0% during the fourth quarter. Graham Capital Management L.P. now owns 4,407 shares of the company's stock valued at $692,000 after acquiring an additional 1,018 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Hyatt Hotels by 20.6% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,849 shares of the company's stock worth $290,000 after acquiring an additional 316 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $309,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Hyatt Hotels Stock Down 1.5%

H stock traded down $2.26 during midday trading on Friday, reaching $143.56. 789,705 shares of the company were exchanged, compared to its average volume of 793,472. The stock's 50-day simple moving average is $143.77 and its 200 day simple moving average is $132.32. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $168.20. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $13.71 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.26 and a beta of 1.43.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping 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 firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business earned $1.53 EPS. On average, equities analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, August 27th. Hyatt Hotels's dividend payout ratio (DPR) is currently 14.25%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,051 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 in the company, valued at approximately $2,429,620. The trade was a 19.47% 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, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 498 shares of the company's stock, valued at $66,084.60. The trade was a 66.76% 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

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Truist Financial upped 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, September 3rd. Wall Street Zen lowered Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Robert W. Baird upped their price target on Hyatt Hotels from $148.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Citigroup upgraded shares of Hyatt Hotels from a "neutral" rating to a "buy" rating and upped their target price for the stock from $138.00 to $167.00 in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $152.68.

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.