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

SG Americas Securities LLC boosted its position in shares of Hyatt Hotels Corporation (NYSE:H) by 2,577.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 233,040 shares of the company’s stock after purchasing an additional 224,337 shares during the quarter. SG Americas Securities LLC’s holdings in Hyatt Hotels were worth $37,361,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY increased its stake in shares of Hyatt Hotels by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 6,116,673 shares of the company’s stock valued at $868,139,000 after buying an additional 161,461 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares during the period. Wellington Management Group LLP boosted its holdings in Hyatt Hotels by 7.2% in the third quarter. Wellington Management Group LLP now owns 3,159,562 shares of the company’s stock valued at $448,437,000 after acquiring an additional 211,112 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Hyatt Hotels by 24.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,765,785 shares of the company’s stock worth $392,548,000 after purchasing an additional 545,003 shares during the period. Finally, Bank of America Corp DE increased its position in Hyatt Hotels by 15.8% in the third quarter. Bank of America Corp DE now owns 1,421,926 shares of the company’s stock worth $201,814,000 after purchasing an additional 193,530 shares during the period. 73.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on H shares. Barclays upped their target price on shares of Hyatt Hotels from $198.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a research report on Friday, January 2nd. Evercore reissued an “in-line” rating and set a $175.00 price target (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Hyatt Hotels from $178.00 to $179.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average target price of $175.80.

Insiders Place Their Bets

In other news, insider Kinsey Wolf sold 400 shares of Hyatt Hotels stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $147.28, for a total transaction of $58,912.00. Following the transaction, the insider directly owned 545 shares of the company’s stock, valued at $80,267.60. This trade represents a 42.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Price Performance

Shares of H opened at $147.35 on Thursday. The stock has a market cap of $13.92 billion, a P/E ratio of -263.13, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $180.53. The stock’s 50-day moving average price is $158.82 and its two-hundred day moving average price is $154.96. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.17.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.33 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the business posted $0.42 EPS. On average, equities analysts predict that Hyatt Hotels Corporation will post 3.05 earnings per share for the current year.

Hyatt Hotels Announces Dividend

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

Hyatt Hotels Company 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.