Harold Davidson & Associates Inc. Purchases New Holdings in Hyatt Hotels Corporation $H

Harold Davidson & Associates Inc. purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,656 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors also recently bought and sold shares of the business. SCS Capital Management LLC purchased a new position in Hyatt Hotels during the 1st quarter valued at about $407,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Hyatt Hotels by 8.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after acquiring an additional 11,252 shares during the period. United Services Automobile Association purchased a new position in Hyatt Hotels during the 1st quarter valued at about $325,000. Goldman Sachs Group Inc. raised its holdings in Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock worth $52,229,000 after buying an additional 29,976 shares during the last quarter. Finally, Nightview Capital LLC raised its holdings in Hyatt Hotels by 146.0% in the first quarter. Nightview Capital LLC now owns 53,376 shares of the company’s stock worth $6,539,000 after buying an additional 31,679 shares during the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Stock Performance

Shares of H stock opened at $145.68 on Friday. The company has a 50 day moving average price of $143.84 and a 200-day moving average price of $132.39. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The firm has a market capitalization of $13.91 billion, a PE ratio of 34.60, a P/E/G ratio of 2.24 and a beta of 1.43. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.45.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Hyatt Hotels had a net margin of 6.39% and a return on equity of 6.54%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $1.53 earnings per share. As a group, equities research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid a $0.15 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s payout ratio is currently 14.25%.

Wall Street Analyst Weigh In

H has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a report on Monday, July 14th. Wall Street Zen cut shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Barclays decreased their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Truist Financial lifted their target price on shares of Hyatt Hotels from $140.00 to $159.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Raymond James Financial raised shares of Hyatt Hotels from a “market perform” rating to a “strong-buy” rating and set a $165.00 target price for the company in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hyatt Hotels currently has an average rating of “Moderate Buy” and an average target price of $152.68.

Insider Activity at Hyatt Hotels

In related news, Director Cary D. Mcmillan sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the sale, the director directly owned 498 shares in the company, valued at approximately $66,084.60. The trade was a 66.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Udell sold 4,051 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $145.00, for a total transaction of $587,395.00. Following the sale, the insider owned 16,756 shares of the company’s stock, valued at $2,429,620. This trade represents a 19.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.70% of the company’s stock.

About Hyatt Hotels

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.