Intech Investment Management LLC Invests $481,000 in Hyatt Hotels Corporation $H

Intech Investment Management LLC bought a new stake in Hyatt Hotels Corporation (NYSE:H) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,390 shares of the company’s stock, valued at approximately $481,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after acquiring an additional 107 shares during the last quarter. Quent Capital LLC acquired a new stake in Hyatt Hotels in the 3rd quarter valued at about $34,000. MAI Capital Management lifted its stake in Hyatt Hotels by 53.4% in the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Hyatt Hotels by 66.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 274 shares of the company’s stock worth $40,000 after purchasing an additional 109 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Hyatt Hotels by 350.5% in the second quarter. Allworth Financial LP now owns 410 shares of the company’s stock valued at $57,000 after purchasing an additional 319 shares in the last quarter. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Javier Aguila sold 9,548 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total value of $1,583,726.76. Following the transaction, the insider directly owned 2,684 shares in the company, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Price Performance

H stock opened at $151.50 on Thursday. Hyatt Hotels Corporation has a 52-week low of $102.43 and a 52-week high of $180.53. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.17. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of -270.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.22. The business has a fifty day moving average of $163.22 and a two-hundred day moving average of $154.94.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.During the same period in the prior year, the business posted $0.42 EPS. As a group, research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio (DPR) is currently -107.14%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on H. Barclays lifted their price objective on Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Evercore reiterated an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Morgan Stanley lowered their price target on shares of Hyatt Hotels from $194.00 to $185.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Mizuho raised their price objective on shares of Hyatt Hotels from $203.00 to $223.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.80.

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.