Sovereign Financial Group Inc. Buys New Holdings in Hyatt Hotels Corporation $H

Key Points

• Sovereign Financial Group Inc. has acquired a new stake in Hyatt Hotels Corporation, purchasing 2,806 shares valued at around $392,000 in the second quarter.
• Several institutional investors have increased their positions in Hyatt, with the State of Alaska Department of Revenue boosting its stake by 127.9% in the first quarter.
• Hyatt Hotels recently declared a quarterly dividend of $0.15 per share, reflecting an annualized yield of 0.4%.

Sovereign Financial Group Inc. bought a new stake in Hyatt Hotels Corporation (NYSE:H - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,806 shares of the company's stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in Hyatt Hotels by 127.9% in the 1st quarter. State of Alaska Department of Revenue now owns 10,995 shares of the company's stock valued at $1,346,000 after buying an additional 6,170 shares in the last quarter. SCS Capital Management LLC bought a new stake in Hyatt Hotels in the 1st quarter valued at about $407,000. Bridges Investment Management Inc. increased its position in Hyatt Hotels by 87.0% in the 1st quarter. Bridges Investment Management Inc. now owns 8,119 shares of the company's stock valued at $995,000 after buying an additional 3,778 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new stake in Hyatt Hotels in the 1st quarter valued at about $1,155,000. Finally, TT International Asset Management LTD increased its position in Hyatt Hotels by 10.0% in the 1st quarter. TT International Asset Management LTD now owns 37,017 shares of the company's stock valued at $4,535,000 after buying an additional 3,360 shares in the last quarter. 73.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider David Udell sold 4,051 shares of the company'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 transaction, the insider owned 16,756 shares in the company, valued at approximately $2,429,620. This represents a 19.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $142.85 on Monday. Hyatt Hotels Corporation has a twelve month low of $102.43 and a twelve month high of $168.20. The stock's 50 day moving average price is $142.19 and its 200-day moving average price is $134.31. The company has a market capitalization of $13.64 billion, a PE ratio of 33.93, a PEG ratio of 2.24 and a beta of 1.41. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $1.53 EPS. On average, equities analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on H. Citigroup raised Hyatt Hotels from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $138.00 to $167.00 in a report on Tuesday, September 9th. Truist Financial boosted their price objective on Hyatt Hotels from $140.00 to $159.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft raised Hyatt Hotels from a "hold" rating to a "buy" rating in a report on Monday, July 14th. Weiss Ratings reissued a "hold (c)" rating on shares of Hyatt Hotels in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Hyatt Hotels from a "hold" rating to a "strong sell" rating in a report on Sunday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.

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