Eurizon Capital SGR S.p.A. Purchases New Stake in Hyatt Hotels Corporation $H

Eurizon Capital SGR S.p.A. purchased a new stake in Hyatt Hotels Corporation (NYSE:H) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,600 shares of the company’s stock, valued at approximately $577,000.

A number of other institutional investors have also recently modified their holdings of H. Goldman Sachs Group Inc. boosted its stake in shares of Hyatt Hotels by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company’s stock valued at $52,229,000 after buying an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hyatt Hotels by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company’s stock valued at $17,556,000 after buying an additional 11,252 shares in the last quarter. Norges Bank purchased a new stake in shares of Hyatt Hotels in the second quarter valued at approximately $616,000. Daiwa Securities Group Inc. boosted its stake in shares of Hyatt Hotels by 394.6% in the second quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company’s stock valued at $2,418,000 after buying an additional 13,812 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Hyatt Hotels by 61.0% in the second quarter. Sei Investments Co. now owns 68,803 shares of the company’s stock valued at $9,609,000 after buying an additional 26,073 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total value of $195,780.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the completion of the transaction, the insider directly owned 213,434 shares of the company’s stock, valued at approximately $35,803,553.50. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 237,458 shares of company stock valued at $40,093,807. Company insiders own 23.60% of the company’s stock.

Wall Street Analyst Weigh In

H has been the topic of a number of analyst reports. Truist Financial lifted their price target on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Robert W. Baird lifted their price objective on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a report on Monday. Susquehanna reduced their price objective on Hyatt Hotels from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Citigroup lifted their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $191.00.

Key Headlines Impacting Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

• Positive Sentiment: CNBC’s “Final Trades” segment highlighted Hyatt, with BMO Capital Markets’ Belski and other commentators expressing support for the name, which can reinforce investor confidence. Article: American Airlines, Hyatt Hotels And More On CNBC’s ‘Final Trades’
• Positive Sentiment: Hyatt’s summer promotions, including member savings of up to 25% and bonus-point offers, could help drive bookings and occupancy during a key travel period. Article: World of Hyatt Debuts Global Summer Offers
• Positive Sentiment: Recent earnings showed Hyatt beat expectations on both EPS and revenue, and analysts have generally maintained a moderate buy view with several price-target increases, supporting the stock’s longer-term momentum. Reference: Hyatt Hotels stock page

Hyatt Hotels Stock Performance

Shares of H stock opened at $186.18 on Thursday. Hyatt Hotels Corporation has a 1 year low of $127.59 and a 1 year high of $190.00. The stock has a market cap of $17.53 billion, a PE ratio of -531.93 and a beta of 1.33. The stock has a fifty day moving average price of $163.76 and a 200 day moving average price of $161.60. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.60 and a current ratio of 0.60.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. Sell-side analysts forecast that Hyatt Hotels Corporation will post 3.59 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 29th. Hyatt Hotels’s payout ratio is -171.43%.

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.