New England Research & Management Inc. Purchases 5,075 Shares of Hyatt Hotels Corporation $H

New England Research & Management Inc. acquired a new position in Hyatt Hotels Corporation (NYSE:H) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,075 shares of the company’s stock, valued at approximately $805,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Hyatt Hotels by 4.3% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after buying an additional 60 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Hyatt Hotels by 16.1% in the 3rd quarter. Versant Capital Management Inc now owns 475 shares of the company’s stock worth $75,000 after acquiring an additional 66 shares in the last quarter. Pacer Advisors Inc. lifted its position in Hyatt Hotels by 1.0% during the 1st quarter. Pacer Advisors Inc. now owns 6,625 shares of the company’s stock valued at $953,000 after acquiring an additional 67 shares during the period. Raiffeisen Bank International AG lifted its position in Hyatt Hotels by 140.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 100 shares during the period. Finally, Syon Capital LLC lifted its position in Hyatt Hotels by 7.7% during the 2nd quarter. Syon Capital LLC now owns 1,535 shares of the company’s stock valued at $298,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on H shares. Barclays upped their price objective on shares of Hyatt Hotels from $201.00 to $202.00 and gave the stock an “overweight” rating in a report on Friday. Freedom Broker began coverage on shares of Hyatt Hotels in a research note on Wednesday. They set a “buy” rating and a $192.00 target price for the company. Robert W. Baird lowered their target price on shares of Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. JPMorgan Chase & Co. dropped their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Truist Financial upped their price target on Hyatt Hotels from $187.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Eleven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $197.38.

Insider Buying and Selling

In related news, insider Amar Lalvani sold 1,364 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $163.06, for a total transaction of $222,413.84. Following the completion of the sale, the insider owned 4,894 shares of the company’s stock, valued at $798,015.64. This trade represents a 21.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Kronick sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the transaction, the director owned 29,525 shares of the company’s stock, valued at approximately $5,310,957. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 23.60% of the company’s stock.

Hyatt Hotels Stock Up 0.1%

Hyatt Hotels stock traded up $0.23 during mid-day trading on Friday, reaching $169.15. The stock had a trading volume of 1,120,524 shares, compared to its average volume of 783,893. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 206.28 and a beta of 1.40. The company has a 50-day moving average price of $166.06 and a two-hundred day moving average price of $173.80. Hyatt Hotels Corporation has a one year low of $134.18 and a one year high of $206.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.91 by $0.21. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a net margin of 1.10% and a return on equity of 7.27%. Hyatt Hotels’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. On average, analysts expect that Hyatt Hotels Corporation will post 3.54 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently 73.17%.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE:H) is a global hospitality company that manages, franchises, licenses and owns a portfolio of hotels, resorts and other lodging properties. Its brands span full-service, select-service, luxury, lifestyle, all-inclusive and extended-stay accommodations, serving business and leisure travelers.

The company’s portfolio includes brands such as Park Hyatt, Grand Hyatt, Hyatt Regency, Andaz, Thompson Hotels, Destination by Hyatt, Hyatt Place, Hyatt House, Hyatt Centric, Caption by Hyatt and World of Hyatt.