Brandywine Global Investment Management LLC Acquires 5,736 Shares of Hyatt Hotels Corporation $H

Brandywine Global Investment Management LLC boosted its stake in shares of Hyatt Hotels Corporation (NYSE:H) by 12.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 50,231 shares of the company’s stock after purchasing an additional 5,736 shares during the period. Brandywine Global Investment Management LLC’s holdings in Hyatt Hotels were worth $7,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SCS Capital Management LLC purchased a new position in Hyatt Hotels during the first quarter worth $407,000. ASR Vermogensbeheer N.V. bought a new stake in shares of Hyatt Hotels in the 1st quarter worth about $1,155,000. Russell Investments Group Ltd. grew its holdings in Hyatt Hotels by 12.7% during the 1st quarter. Russell Investments Group Ltd. now owns 27,651 shares of the company’s stock valued at $3,386,000 after purchasing an additional 3,117 shares during the last quarter. Long Pond Capital LP purchased a new stake in Hyatt Hotels in the 1st quarter worth about $191,922,000. Finally, Sovereign Financial Group Inc. bought a new stake in Hyatt Hotels in the second quarter worth about $392,000. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on H shares. Citigroup raised Hyatt Hotels from a “neutral” rating to a “buy” rating and upped their target price for the company from $138.00 to $167.00 in a research note on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Wednesday. Wells Fargo & Company initiated coverage on shares of Hyatt Hotels in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $154.00 target price for the company. Robert W. Baird raised their price target on shares of Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Hyatt Hotels from $155.00 to $158.00 and gave the company a “hold” rating in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.67.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $158.29 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.45. The stock’s fifty day moving average price is $145.89 and its 200-day moving average price is $141.53. The firm has a market cap of $15.03 billion, a P/E ratio of 37.60, a P/E/G ratio of 2.54 and a beta of 1.43. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.20.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. On average, equities research analysts expect that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 24th. Hyatt Hotels’s dividend payout ratio (DPR) is presently -64.52%.

Insider Buying and Selling

In other Hyatt Hotels news, insider Peter Sears sold 12,394 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total transaction of $1,927,390.94. Following the completion of the sale, the insider owned 5,594 shares in the company, valued at $869,922.94. This represents a 68.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Udell sold 4,131 shares of Hyatt Hotels stock in a transaction on Friday, November 7th. The shares were sold at an average price of $151.10, for a total value of $624,194.10. Following the completion of the transaction, the insider owned 16,756 shares in the company, valued at $2,531,831.60. This represents a 19.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,586 shares of company stock valued at $3,611,550 in the last three months. 23.70% of the stock is currently owned by insiders.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.