Select Equity Group L.P. Has $37.22 Million Stock Position in Hyatt Hotels Corporation $H

Key Points

• Select Equity Group L.P. reduced its stake in Hyatt Hotels by 18.1%, selling 67,169 shares and now holding a total of 303,831 shares valued at approximately $37.2 million.
• Institutional investors own 73.54% of Hyatt's shares, with recent activity including significant increases in holdings from firms like Deutsche Bank AG, which boosted its position by 209.8%.
• Hyatt Hotels reported earnings per share of $0.68, exceeding estimates, and announced a quarterly dividend of $0.15 to be paid on September 10th.

Select Equity Group L.P. reduced its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 303,831 shares of the company's stock after selling 67,169 shares during the quarter. Select Equity Group L.P. owned 0.32% of Hyatt Hotels worth $37,219,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the company. Nightview Capital LLC lifted its position in shares of Hyatt Hotels by 146.0% during the first quarter. Nightview Capital LLC now owns 53,376 shares of the company's stock worth $6,539,000 after purchasing an additional 31,679 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in Hyatt Hotels during the 1st quarter worth approximately $8,745,000. Alliancebernstein L.P. increased its holdings in Hyatt Hotels by 10.6% during the 1st quarter. Alliancebernstein L.P. now owns 562,776 shares of the company's stock worth $68,940,000 after purchasing an additional 53,875 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Hyatt Hotels by 3.5% during the 1st quarter. Advisors Asset Management Inc. now owns 4,523 shares of the company's stock worth $554,000 after purchasing an additional 154 shares during the last quarter. Finally, PDT Partners LLC purchased a new stake in Hyatt Hotels during the 1st quarter worth approximately $1,646,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

H traded down $2.05 on Friday, reaching $143.77. The company had a trading volume of 166,259 shares, compared to its average volume of 939,676. The company has a fifty day moving average of $143.84 and a 200-day moving average of $132.39. The company has a market capitalization of $13.73 billion, a P/E ratio of 34.15, a PEG ratio of 2.24 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. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.74 billion. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. During the same period last year, the firm posted $1.53 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a $0.15 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels's dividend payout ratio (DPR) is 14.25%.

Insider Activity at Hyatt Hotels

In related news, 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 sale, the insider directly owned 16,756 shares in the company, valued at $2,429,620. The trade was a 19.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $132,700.00. Following the completion of the sale, the director owned 498 shares in the company, 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. Company insiders own 23.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on H shares. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Barclays cut their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Wall Street Zen lowered Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Raymond James Financial raised Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price for the company in a report on Tuesday, July 1st. Finally, Citigroup raised Hyatt Hotels from a "neutral" rating to a "buy" rating and upped their target price for the company from $138.00 to $167.00 in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of "Moderate Buy" and a consensus price target of $152.68.

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.