Davidson Investment Advisors Invests $9.99 Million in Hyatt Hotels Corporation $H

Davidson Investment Advisors bought a new position in Hyatt Hotels Corporation (NYSE:H) during the third quarter, according to its most recent filing with the SEC. The firm bought 70,390 shares of the company’s stock, valued at approximately $9,990,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of H. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Hyatt Hotels by 86.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after buying an additional 111 shares in the last quarter. MAI Capital Management raised its holdings in shares of 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 acquiring an additional 94 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Hyatt Hotels by 18,500.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $52,000 after acquiring an additional 370 shares in the last quarter. Fifth Third Bancorp boosted its stake in Hyatt Hotels by 33.2% during the 2nd quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after purchasing an additional 96 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Hyatt Hotels by 350.5% during the 2nd quarter. Allworth Financial LP now owns 410 shares of the company’s stock worth $57,000 after purchasing an additional 319 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the topic of several analyst reports. Barclays raised Hyatt Hotels from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $161.00 to $200.00 in a research report on Wednesday, December 17th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $188.00 price objective on shares of Hyatt Hotels in a report on Friday. Wells Fargo & Company assumed coverage on shares of Hyatt Hotels in a research note on Tuesday, November 18th. They issued an “equal weight” rating and a $154.00 target price for the company. Truist Financial raised their price target on shares of Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.56.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $165.53 on Friday. The business’s 50 day simple moving average is $156.49 and its 200 day simple moving average is $147.85. Hyatt Hotels Corporation has a 12 month low of $102.43 and a 12 month high of $168.10. The company has a market cap of $15.72 billion, a price-to-earnings ratio of -177.99, a PEG ratio of 1.63 and a beta of 1.29. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.79). Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company earned $0.94 earnings per share. Hyatt Hotels’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts forecast that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s dividend payout ratio is -64.52%.

Insiders Place Their Bets

In related news, insider David Udell sold 4,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total transaction of $713,800.00. Following the sale, the insider owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. This represents a 23.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Peter Sears sold 12,394 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value 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 trade represents a 68.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,383 shares of company stock worth $5,321,682 in the last quarter. 23.70% of the stock is owned by company insiders.

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.