TT International Asset Management LTD Grows Position in Hyatt Hotels Corporation (NYSE:H)

TT International Asset Management LTD grew its holdings in Hyatt Hotels Corporation (NYSE:H - Free Report) by 10.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,017 shares of the company's stock after acquiring an additional 3,360 shares during the period. Hyatt Hotels accounts for 0.7% of TT International Asset Management LTD's portfolio, making the stock its 22nd largest holding. TT International Asset Management LTD's holdings in Hyatt Hotels were worth $4,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truist Financial Corp purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth $307,000. Massachusetts Financial Services Co. MA increased its stake in shares of Hyatt Hotels by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,849,892 shares of the company's stock worth $447,376,000 after purchasing an additional 9,477 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth $7,072,000. OFI Invest Asset Management purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth $4,502,000. Finally, Bain Capital Public Equity LP grew its stake in Hyatt Hotels by 13.5% during the fourth quarter. Bain Capital Public Equity LP now owns 37,644 shares of the company's stock valued at $5,909,000 after acquiring an additional 4,464 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on H shares. Truist Financial cut their target price on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Stifel Nicolaus cut their target price on shares of Hyatt Hotels from $156.75 to $132.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Morgan Stanley cut their target price on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird raised their target price on shares of Hyatt Hotels from $142.00 to $146.00 and gave the company a "neutral" rating in a research note on Friday, May 30th. Finally, Melius Research raised shares of Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $149.72.

Insider Buying and Selling

In related news, insider Jnp 2010-Pg Trust sold 266,793 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $132.75, for a total transaction of $35,416,770.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hotels Corp Hyatt bought 996,587 shares of the company's stock in a transaction on Friday, June 13th. The shares were bought at an average cost of $13.50 per share, for a total transaction of $13,453,924.50. Following the transaction, the insider now owns 117,077,441 shares in the company, valued at $1,580,545,453.50. The trade was a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 370,111 shares of company stock worth $49,140,816 in the last 90 days. 23.70% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Down 0.6%

Shares of NYSE:H traded down $0.76 during trading hours on Friday, hitting $131.77. The company's stock had a trading volume of 1,658,060 shares, compared to its average volume of 727,868. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $12.58 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 4.33 and a beta of 1.42. The firm's fifty day moving average price is $125.13 and its 200 day moving average price is $137.10.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, research analysts expect 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, June 11th. Investors of record on Thursday, May 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.46%. Hyatt Hotels's dividend payout ratio (DPR) is presently 7.79%.

About Hyatt Hotels

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.