Hyatt Hotels Corporation (NYSE:H) Position Boosted by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its stake in Hyatt Hotels Corporation by 53.3%, acquiring a total of 44,111 shares valued at approximately $5.4 million.
• Hyatt Hotels reported earnings of $0.46 per share for the latest quarter, exceeding analyst expectations, although revenue fell slightly short at $1.68 billion.
• Various institutional investors have significantly adjusted their positions in Hyatt Hotels, with over 73.54% of the stock now owned by these entities.

Victory Capital Management Inc. lifted its stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 53.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,111 shares of the company's stock after purchasing an additional 15,346 shares during the period. Victory Capital Management Inc.'s holdings in Hyatt Hotels were worth $5,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Invesco Ltd. boosted its position in Hyatt Hotels by 241.4% during the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company's stock worth $106,677,000 after acquiring an additional 480,523 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Hyatt Hotels by 16.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,135,774 shares of the company's stock valued at $384,132,000 after purchasing an additional 441,417 shares during the last quarter. Norges Bank acquired a new position in Hyatt Hotels in the 4th quarter valued at about $61,572,000. Alyeska Investment Group L.P. acquired a new position in shares of Hyatt Hotels in the 4th quarter worth approximately $43,953,000. Finally, Deutsche Bank AG lifted its holdings in shares of Hyatt Hotels by 209.8% in the 4th quarter. Deutsche Bank AG now owns 255,563 shares of the company's stock worth $40,118,000 after acquiring an additional 173,075 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Insider Activity at Hyatt Hotels

In related news, Director Cary D. Mcmillan sold 1,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $132.70, for a total value of $132,700.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $7,083,672.75. The disclosure for this sale can be found here. Insiders sold 371,111 shares of company stock valued at $49,273,516 in the last ninety days. 23.70% of the stock is owned by insiders.

Hyatt Hotels Trading Down 1.3%

Shares of NYSE:H traded down $1.91 during trading on Tuesday, reaching $145.83. The stock had a trading volume of 340,429 shares, compared to its average volume of 943,188. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20. The business has a fifty day moving average price of $138.74 and a 200-day moving average price of $134.95. The stock has a market cap of $13.92 billion, a P/E ratio of 18.90, a PEG ratio of 2.73 and a beta of 1.42. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. During the same quarter last year, the firm posted $0.71 EPS. As a group, analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hyatt Hotels's dividend payout ratio (DPR) is 7.79%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Macquarie reduced their target price on shares of Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Raymond James Financial upgraded shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price on the stock in a report on Tuesday, July 1st. Barclays increased their price objective on shares of Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley dropped their price objective on shares of Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.74.

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.