CAPROCK Group Inc. Acquires Shares of 2,545 Hyatt Hotels Co. (NYSE:H)

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CAPROCK Group Inc. purchased a new position in Hyatt Hotels Co. (NYSE:H) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,545 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also modified their holdings of H. Northern Trust Corp boosted its stake in shares of Hyatt Hotels by 3.7% during the 1st quarter. Northern Trust Corp now owns 238,800 shares of the company’s stock worth $18,211,000 after purchasing an additional 8,591 shares during the period. BlackRock Inc. boosted its stake in shares of Hyatt Hotels by 8.5% during the 1st quarter. BlackRock Inc. now owns 1,991,426 shares of the company’s stock worth $151,865,000 after purchasing an additional 155,595 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Hyatt Hotels by 55.9% during the 1st quarter. JPMorgan Chase & Co. now owns 99,156 shares of the company’s stock worth $7,562,000 after purchasing an additional 35,557 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Hyatt Hotels by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 350,450 shares of the company’s stock worth $26,725,000 after purchasing an additional 2,723 shares during the period. Finally, Sei Investments Co. boosted its position in Hyatt Hotels by 325.2% in the 1st quarter. Sei Investments Co. now owns 8,661 shares of the company’s stock valued at $660,000 after buying an additional 6,624 shares during the period. 37.38% of the stock is currently owned by institutional investors.

In related news, insider H Co Lp Lci sold 110,480 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total transaction of $8,701,404.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark R. Vondrasek sold 7,540 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $71.77, for a total transaction of $541,145.80. The disclosure for this sale can be found here. Insiders sold 314,739 shares of company stock valued at $24,604,337 over the last quarter. Company insiders own 18.40% of the company’s stock.

Several research firms have issued reports on H. Jefferies Financial Group reissued a “hold” rating and issued a $76.00 price objective on shares of Hyatt Hotels in a research report on Friday, November 2nd. SunTrust Banks lowered their price objective on shares of Hyatt Hotels to $78.00 and set a “hold” rating for the company in a research report on Thursday, November 1st. Deutsche Bank lowered their price objective on shares of Hyatt Hotels from $83.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, November 1st. Wells Fargo & Co lowered their price objective on shares of Hyatt Hotels from $92.00 to $79.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Finally, B. Riley lowered their price objective on shares of Hyatt Hotels from $84.00 to $77.00 and set a “hold” rating for the company in a research report on Thursday, November 1st. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.41.

NYSE H traded down $1.12 during mid-day trading on Friday, reaching $69.49. 723,802 shares of the stock were exchanged, compared to its average volume of 933,501. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.17. The company has a market capitalization of $7.95 billion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 4.66 and a beta of 1.28. Hyatt Hotels Co. has a 1 year low of $64.82 and a 1 year high of $84.89.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.95%. During the same period last year, the firm posted $0.26 earnings per share. On average, equities analysts expect that Hyatt Hotels Co. will post 1.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 28th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, November 27th. Hyatt Hotels’s dividend payout ratio (DPR) is 33.71%.

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Hyatt Hotels Company 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.

Read More: Why is Cost of Capital Important?

Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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