Sequoia Financial Advisors LLC Acquires Shares of 3,375 Hyatt Hotels Co. (NYSE:H)

Sequoia Financial Advisors LLC bought a new position in Hyatt Hotels Co. (NYSE:H) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,375 shares of the company’s stock, valued at approximately $514,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in Hyatt Hotels by 1.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,527 shares of the company’s stock worth $1,042,000 after purchasing an additional 70 shares in the last quarter. Red Spruce Capital LLC grew its holdings in Hyatt Hotels by 0.7% during the 2nd quarter. Red Spruce Capital LLC now owns 13,994 shares of the company’s stock worth $2,126,000 after acquiring an additional 92 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Hyatt Hotels by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,945,000 after acquiring an additional 100 shares in the last quarter. AdvisorShares Investments LLC lifted its position in shares of Hyatt Hotels by 23.9% during the second quarter. AdvisorShares Investments LLC now owns 559 shares of the company’s stock worth $83,000 after purchasing an additional 108 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Hyatt Hotels by 2.7% during the second quarter. Toronto Dominion Bank now owns 4,398 shares of the company’s stock valued at $668,000 after purchasing an additional 114 shares during the last quarter. 71.02% of the stock is owned by institutional investors.

Hyatt Hotels Stock Up 1.3 %

Shares of Hyatt Hotels stock opened at $154.56 on Monday. Hyatt Hotels Co. has a 1 year low of $96.77 and a 1 year high of $162.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $15.51 billion, a P/E ratio of 16.67 and a beta of 1.50. The business has a 50-day moving average of $150.29 and a two-hundred day moving average of $148.92.

Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, August 6th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.95 by $0.58. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.76 billion. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. During the same period last year, the company posted $0.82 EPS. As a group, equities analysts predict that Hyatt Hotels Co. will post 3.87 EPS for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were given a $0.15 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.60 annualized dividend and a yield of 0.39%. Hyatt Hotels’s dividend payout ratio is currently 6.47%.

Insiders Place Their Bets

In other news, insider Mark Samuel Hoplamazian sold 51,388 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the sale, the insider now directly owns 623,556 shares in the company, valued at $93,389,982.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 23.50% of the company’s stock.

Wall Street Analyst Weigh In

H has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of Hyatt Hotels in a research report on Wednesday, September 18th. They issued a “neutral” rating and a $151.00 price objective for the company. Mizuho cut their price target on Hyatt Hotels from $204.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Robert W. Baird set a $157.00 price objective on Hyatt Hotels in a research report on Thursday, October 17th. Truist Financial upped their target price on shares of Hyatt Hotels from $164.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Susquehanna lowered their price target on shares of Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $152.25.

About Hyatt Hotels

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.