Nykredit A S Buys New Position in Hyatt Hotels Corporation $H

Nykredit A S acquired a new position in shares of Hyatt Hotels Corporation (NYSE:H) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 45,960 shares of the company’s stock, valued at approximately $8,909,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new position in shares of Hyatt Hotels in the 4th quarter worth $26,000. Johnson Financial Group Inc. raised its holdings in Hyatt Hotels by 450.0% during the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock worth $25,000 after buying an additional 144 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Hyatt Hotels in the second quarter valued at $39,000. DV Equities LLC bought a new position in shares of Hyatt Hotels in the fourth quarter valued at $32,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Hyatt Hotels by 121.4% during the fourth quarter. NewEdge Advisors LLC now owns 228 shares of the company’s stock valued at $37,000 after buying an additional 125 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target 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. Barclays lowered their price objective on Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Mizuho lifted their target price on Hyatt Hotels from $219.00 to $221.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Sanford C. Bernstein upped their price target on Hyatt Hotels from $186.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Wednesday, June 24th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.07.

Hyatt Hotels Trading Up 0.4%

Shares of H stock opened at $166.00 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $15.64 billion, a price-to-earnings ratio of 202.44 and a beta of 1.34. Hyatt Hotels Corporation has a 52-week low of $134.18 and a 52-week high of $206.86. The company has a 50-day simple moving average of $181.79 and a two-hundred day simple moving average of $172.69.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.91 by $0.21. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. Research analysts anticipate that Hyatt Hotels Corporation will post 3.54 EPS for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, August 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 73.17%.

Insiders Place Their Bets

In other Hyatt Hotels news, Director Susan Kronick sold 1,700 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $179.88, for a total value of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares in the company, valued at $5,310,957. This represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 23.60% of the company’s stock.

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.