Quantbot Technologies LP Invests $500,000 in Hyatt Hotels Corporation $H

Quantbot Technologies LP bought a new stake in shares of Hyatt Hotels Corporation (NYSE:H) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 4,531 shares of the company’s stock, valued at approximately $500,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Hyatt Hotels by 48.0% during the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after purchasing an additional 1,516,554 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Hyatt Hotels in the second quarter worth about $249,931,000. Veritas Asset Management LLP boosted its stake in Hyatt Hotels by 827.9% during the fourth quarter. Veritas Asset Management LLP now owns 1,900,417 shares of the company’s stock valued at $304,675,000 after buying an additional 1,695,616 shares during the last quarter. Bank of Nova Scotia grew its holdings in Hyatt Hotels by 2.8% during the 4th quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock valued at $257,352,000 after buying an additional 43,733 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Hyatt Hotels by 15.8% during the 3rd quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock valued at $201,814,000 after buying an additional 193,530 shares in the last quarter. 73.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

H has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. HSBC raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $212.00 target price for the company in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Stifel Nicolaus set a $182.00 price objective on shares of Hyatt Hotels in a research note on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $196.64.

Insiders Place Their Bets

In other news, Director Susan D. Kronick sold 1,700 shares of Hyatt Hotels stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director directly owned 29,525 shares in the company, valued at approximately $5,310,957. This trade represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 2,087 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the sale, the insider directly owned 16,638 shares of the company’s stock, valued at $3,127,944. This represents a 11.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 23.60% of the stock is owned by insiders.

Hyatt Hotels Price Performance

H stock opened at $173.20 on Friday. The stock has a market cap of $16.32 billion, a PE ratio of 211.22 and a beta of 1.33. Hyatt Hotels Corporation has a 12 month low of $134.18 and a 12 month high of $206.86. The company has a 50-day moving average price of $185.57 and a 200 day moving average price of $172.73. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.01.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 73.17%.

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.