SG Americas Securities LLC Cuts Stock Position in Hyatt Hotels Corporation $H

SG Americas Securities LLC cut its position in Hyatt Hotels Corporation (NYSE:H) by 63.5% in the first quarter, HoldingsChannel.com reports. The firm owned 84,953 shares of the company’s stock after selling 148,087 shares during the period. SG Americas Securities LLC’s holdings in Hyatt Hotels were worth $12,215,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of Hyatt Hotels in the 4th quarter valued at about $26,000. Johnson Financial Group Inc. lifted its position in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after acquiring an additional 144 shares during the last quarter. DV Equities LLC purchased a new stake in Hyatt Hotels during the fourth quarter valued at approximately $32,000. Ares Financial Consulting LLC acquired a new stake in Hyatt Hotels in the fourth quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Hyatt Hotels by 98.2% in the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after purchasing an additional 107 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Sanford C. Bernstein increased their price objective on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Robert W. Baird increased their price target on Hyatt Hotels from $183.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. raised their price target on Hyatt Hotels from $186.00 to $205.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday. Finally, Susquehanna cut their price objective on shares of Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.40.

Hyatt Hotels Price Performance

NYSE H opened at $197.67 on Friday. The stock’s fifty day moving average price is $179.96 and its 200 day moving average price is $166.18. Hyatt Hotels Corporation has a 1 year low of $133.51 and a 1 year high of $206.86. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $18.61 billion, a price-to-earnings ratio of -564.78 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.During the same quarter in the previous year, the business earned $0.46 EPS. As a group, equities research analysts forecast that Hyatt Hotels Corporation will post 3.58 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 29th were given a $0.15 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is currently -171.43%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Jnp 2010-Pg Trust sold 213,434 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $167.75, for a total transaction of $35,803,553.50. Following the completion of the transaction, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Udell sold 8,682 shares of Hyatt Hotels stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the sale, the insider owned 13,338 shares of the company’s stock, valued at approximately $2,294,136. The trade was a 39.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 236,658 shares of company stock worth $39,977,159 in the last quarter. 23.60% of the stock is currently owned by corporate insiders.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.