Verition Fund Management LLC lifted its position in shares of Hyatt Hotels Co. (NYSE:H) by 125.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,813 shares of the company’s stock after purchasing an additional 6,581 shares during the period. Verition Fund Management LLC’s holdings in Hyatt Hotels were worth $901,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Bamco Inc. NY lifted its position in Hyatt Hotels by 6.0% in the first quarter. Bamco Inc. NY now owns 4,722,351 shares of the company’s stock valued at $360,126,000 after acquiring an additional 265,354 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Hyatt Hotels by 7.5% in the first quarter. Point72 Asset Management L.P. now owns 2,201,839 shares of the company’s stock valued at $167,912,000 after acquiring an additional 153,013 shares during the last quarter. BlackRock Inc. lifted its position in Hyatt Hotels by 8.5% in the first quarter. BlackRock Inc. now owns 1,991,426 shares of the company’s stock valued at $151,865,000 after acquiring an additional 155,595 shares during the last quarter. Millennium Management LLC lifted its position in Hyatt Hotels by 13.9% in the fourth quarter. Millennium Management LLC now owns 1,181,477 shares of the company’s stock valued at $86,886,000 after acquiring an additional 144,212 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Hyatt Hotels by 4.5% in the fourth quarter. Deutsche Bank AG now owns 937,072 shares of the company’s stock valued at $68,911,000 after acquiring an additional 40,668 shares during the last quarter. 38.28% of the stock is owned by institutional investors and hedge funds.
In other news, insider Margaret C. Egan sold 4,300 shares of the business’s stock in a transaction dated Thursday, June 14th. The shares were sold at an average price of $83.04, for a total transaction of $357,072.00. Following the transaction, the insider now directly owns 16 shares in the company, valued at $1,328.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David Udell sold 4,306 shares of the business’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $81.00, for a total transaction of $348,786.00. The disclosure for this sale can be found here. Insiders own 18.40% of the company’s stock.
Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. Hyatt Hotels had a net margin of 12.81% and a return on equity of 4.39%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.68 earnings per share. equities analysts anticipate that Hyatt Hotels Co. will post 1.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Tuesday, June 19th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. Hyatt Hotels’s dividend payout ratio (DPR) is 33.71%.
A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Hyatt Hotels from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Deutsche Bank reduced their price target on shares of Hyatt Hotels from $88.00 to $87.00 and set a “hold” rating for the company in a research report on Friday, May 4th. Stifel Nicolaus boosted their price target on shares of Hyatt Hotels from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Tuesday, May 8th. Jefferies Financial Group assumed coverage on shares of Hyatt Hotels in a research note on Thursday, May 31st. They issued a “hold” rating and a $85.00 price objective on the stock. Finally, B. Riley restated a “buy” rating and issued a $84.00 price objective (up from $80.00) on shares of Hyatt Hotels in a research note on Friday, March 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $82.57.
Hyatt Hotels Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
Receive News & Ratings for Hyatt Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyatt Hotels and related companies with MarketBeat.com's FREE daily email newsletter.