SG Americas Securities LLC Acquires 224,337 Shares of Hyatt Hotels Corporation $H

SG Americas Securities LLC increased its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 2,577.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 233,040 shares of the company’s stock after acquiring an additional 224,337 shares during the period. SG Americas Securities LLC owned about 0.25% of Hyatt Hotels worth $37,361,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. lifted its stake 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 purchasing an additional 144 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 98.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock valued at $31,000 after purchasing an additional 107 shares during the period. Quent Capital LLC acquired a new position in shares of Hyatt Hotels in the 3rd quarter worth approximately $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Hyatt Hotels in the 3rd quarter worth approximately $34,000. Finally, MAI Capital Management lifted its position in shares of Hyatt Hotels by 53.4% during the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Buying and Selling

In other Hyatt Hotels news, insider Kinsey Wolf sold 400 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $147.28, for a total value of $58,912.00. Following the completion of the sale, the insider owned 545 shares in the company, valued at approximately $80,267.60. This trade represents a 42.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels Trading Up 1.1%

H stock opened at $147.35 on Thursday. The business has a fifty day moving average price of $158.82 and a 200 day moving average price of $154.96. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75. Hyatt Hotels Corporation has a fifty-two week low of $102.43 and a fifty-two week high of $180.53. The stock has a market capitalization of $13.92 billion, a price-to-earnings ratio of -263.13, a P/E/G ratio of 1.72 and a beta of 1.22.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

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

Wall Street Analysts Forecast Growth

H has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $188.00 price target on shares of Hyatt Hotels in a research report on Friday, January 2nd. Wells Fargo & Company lifted their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Citigroup boosted their target price on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Evercore reaffirmed an “in-line” rating and issued a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a report on Thursday, January 22nd. Finally, Barclays increased their target price on shares of Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.80.

Hyatt Hotels Profile

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.