Schonfeld Strategic Advisors LLC Increases Position in Hyatt Hotels Co. (NYSE:H)

Schonfeld Strategic Advisors LLC raised its stake in Hyatt Hotels Co. (NYSE:H - Free Report) by 93.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 99,842 shares of the company's stock after acquiring an additional 48,208 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.10% of Hyatt Hotels worth $15,673,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Townsquare Capital LLC lifted its position in Hyatt Hotels by 3.4% during the fourth quarter. Townsquare Capital LLC now owns 2,801 shares of the company's stock valued at $440,000 after purchasing an additional 92 shares during the last quarter. Kensington Investment Counsel LLC grew its position in Hyatt Hotels by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 13,604 shares of the company's stock worth $2,136,000 after acquiring an additional 95 shares in the last quarter. Bridges Investment Management Inc. increased its stake in Hyatt Hotels by 2.3% during the fourth quarter. Bridges Investment Management Inc. now owns 4,341 shares of the company's stock worth $681,000 after acquiring an additional 99 shares during the last quarter. UMB Bank n.a. raised its position in Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after purchasing an additional 104 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Hyatt Hotels by 0.9% in the 4th quarter. Arizona State Retirement System now owns 13,050 shares of the company's stock valued at $2,049,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on H. StockNews.com lowered Hyatt Hotels from a "hold" rating to a "sell" rating in a report on Monday, February 17th. Melius Research upgraded shares of Hyatt Hotels to a "strong-buy" rating in a report on Monday, April 21st. Susquehanna lifted their price target on shares of Hyatt Hotels from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on shares of Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Truist Financial cut their target price on Hyatt Hotels from $163.00 to $156.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Hyatt Hotels has an average rating of "Hold" and a consensus target price of $151.17.

Hyatt Hotels Stock Up 3.6 %

H stock traded up $4.32 during trading on Friday, hitting $123.00. 1,583,520 shares of the company's stock traded hands, compared to its average volume of 661,220. The firm has a market capitalization of $11.83 billion, a P/E ratio of 9.89 and a beta of 1.35. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The business has a fifty day simple moving average of $120.25 and a two-hundred day simple moving average of $142.97.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (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 return on equity of 9.81% and a net margin of 19.50%. During the same period last year, the business posted $0.71 EPS. Sell-side analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels's payout ratio is 4.82%.

Insider Activity

In other news, Director Susan D. Kronick sold 1,600 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total value of $226,848.00. Following the completion of the sale, the director now owns 37,927 shares of the company's stock, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now directly owns 9,337 shares in the company, valued at $1,090,561.60. This represents a 51.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,600 shares of company stock worth $1,517,798. Corporate insiders own 23.70% of the company's stock.

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.