Sanctuary Advisors LLC Buys New Position in Hyatt Hotels Corporation $H

Sanctuary Advisors LLC bought a new stake in shares of Hyatt Hotels Corporation (NYSE:H) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 11,459 shares of the company’s stock, valued at approximately $1,264,000.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Hyatt Hotels by 48.0% in the fourth quarter. Wellington Management Group LLP now owns 4,676,116 shares of the company’s stock valued at $749,675,000 after acquiring an additional 1,516,554 shares in the last quarter. BlackRock Inc. bought a new stake in Hyatt Hotels during the second quarter worth approximately $249,931,000. Veritas Asset Management LLP raised its holdings 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 worth $304,675,000 after purchasing an additional 1,695,616 shares in the last quarter. Bank of Nova Scotia lifted its position in Hyatt Hotels by 2.8% in the fourth quarter. Bank of Nova Scotia now owns 1,605,243 shares of the company’s stock worth $257,352,000 after purchasing an additional 43,733 shares during the period. Finally, Bank of America Corp DE boosted its stake 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 purchasing an additional 193,530 shares in the last quarter. 73.54% of the stock is owned by institutional investors and hedge funds.

Hyatt Hotels Price Performance

H stock opened at $173.20 on Friday. Hyatt Hotels Corporation has a one year low of $134.18 and a one year high of $206.86. The firm has a 50-day moving average of $185.57 and a two-hundred day moving average of $172.73. The firm has a market capitalization of $16.32 billion, a PE ratio of 211.22 and a beta of 1.33. 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 issued its quarterly earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, analysts forecast that Hyatt Hotels Corporation will post 3.54 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be given a $0.15 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.3%. Hyatt Hotels’s dividend payout ratio is presently 73.17%.

Wall Street Analysts Forecast Growth

H has been the topic of several research analyst reports. Robert W. Baird lowered their price target on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. JPMorgan Chase & Co. decreased their target price on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein lifted their target price on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Finally, Mizuho upped their price target on shares of Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.64.

Insider Buying and Selling at Hyatt Hotels

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

About Hyatt Hotels

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.