M&T Bank Corp Acquires 3,339 Shares of Hyatt Hotels Corporation $H

M&T Bank Corp increased its holdings in Hyatt Hotels Corporation (NYSE:H) by 37.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,318 shares of the company’s stock after purchasing an additional 3,339 shares during the quarter. M&T Bank Corp’s holdings in Hyatt Hotels were worth $1,720,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of H. SCS Capital Management LLC bought a new position in shares of Hyatt Hotels during the first quarter worth about $407,000. ASR Vermogensbeheer N.V. acquired a new stake in Hyatt Hotels during the 1st quarter valued at approximately $1,155,000. Russell Investments Group Ltd. raised its holdings in Hyatt Hotels by 12.7% during the 1st quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company’s stock worth $3,386,000 after purchasing an additional 3,117 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Hyatt Hotels in the 1st quarter worth approximately $191,922,000. Finally, Sovereign Financial Group Inc. bought a new stake in shares of Hyatt Hotels in the 2nd quarter valued at $392,000. 73.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on H shares. Wall Street Zen lowered shares of Hyatt Hotels from a “hold” rating to a “strong sell” rating in a report on Sunday, August 17th. Morgan Stanley raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $147.00 to $168.00 in a research note on Wednesday, October 22nd. Robert W. Baird raised their target price on Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. started coverage on Hyatt Hotels in a research note on Monday, November 24th. They issued an “overweight” rating and a $178.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.93.

Insider Transactions at Hyatt Hotels

In other news, insider Peter Sears sold 12,394 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider directly owned 5,594 shares of the company’s stock, valued at $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David Udell sold 4,300 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total transaction of $713,800.00. Following the completion of the sale, the insider owned 13,746 shares in the company, valued at $2,281,836. This represents a 23.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,835 shares of company stock valued at $3,737,955 over the last quarter. Corporate insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Down 0.4%

H stock opened at $155.97 on Friday. The stock’s 50 day simple moving average is $150.10 and its 200 day simple moving average is $143.63. The company has a market cap of $14.81 billion, a P/E ratio of -167.70, a price-to-earnings-growth ratio of 3.91 and a beta of 1.29. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.68 and a current ratio of 0.69. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, November 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, November 24th. Hyatt Hotels’s dividend payout ratio (DPR) is -64.52%.

Hyatt Hotels Company Profile

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.