MML Investors Services LLC increased its position in shares of Hyatt Hotels Co. (NYSE:H) by 54.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,560 shares of the company’s stock after purchasing an additional 1,607 shares during the quarter. MML Investors Services LLC’s holdings in Hyatt Hotels were worth $363,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Security Capital Research & Management Inc. lifted its stake in Hyatt Hotels by 23.9% during the second quarter. Security Capital Research & Management Inc. now owns 271,475 shares of the company’s stock worth $20,944,000 after purchasing an additional 52,450 shares during the last quarter. Martingale Asset Management L P bought a new stake in Hyatt Hotels in the second quarter valued at $2,496,000. Natixis lifted its stake in Hyatt Hotels by 1,049.7% in the second quarter. Natixis now owns 138,500 shares of the company’s stock valued at $10,685,000 after buying an additional 126,453 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Hyatt Hotels by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,782 shares of the company’s stock valued at $18,885,000 after buying an additional 10,469 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Hyatt Hotels in the third quarter valued at $1,398,000. Hedge funds and other institutional investors own 36.70% of the company’s stock.
A number of equities research analysts have issued reports on H shares. Zacks Investment Research cut Hyatt Hotels from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Longbow Research started coverage on Hyatt Hotels in a research note on Friday, September 7th. They issued a “buy” rating and a $99.00 target price on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $84.00 target price on shares of Hyatt Hotels in a research note on Thursday, October 4th. Robert W. Baird set a $88.00 price objective on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Friday, October 19th. Finally, Cowen started coverage on shares of Hyatt Hotels in a research note on Monday, October 22nd. They set a “market perform” rating and a $75.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $82.30.
Shares of NYSE H opened at $69.43 on Friday. Hyatt Hotels Co. has a fifty-two week low of $64.82 and a fifty-two week high of $84.89. The company has a current ratio of 2.17, a quick ratio of 2.15 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.82 billion, a P/E ratio of 44.22, a P/E/G ratio of 4.64 and a beta of 1.29.
Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.95%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business earned $0.26 earnings per share. As a group, analysts predict that Hyatt Hotels Co. will post 1.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Tuesday, November 27th. Hyatt Hotels’s payout ratio is currently 33.71%.
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About Hyatt Hotels
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.
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