Wexford Capital LP boosted its holdings in Hyatt Hotels Co. (NYSE:H) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 226,376 shares of the company’s stock after purchasing an additional 11,230 shares during the quarter. Hyatt Hotels comprises 1.1% of Wexford Capital LP’s holdings, making the stock its 12th largest holding. Wexford Capital LP owned 0.21% of Hyatt Hotels worth $18,017,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Hyatt Hotels by 245.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,478 shares of the company’s stock worth $197,000 after purchasing an additional 1,760 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Hyatt Hotels by 3.3% during the 3rd quarter. Hsbc Holdings PLC now owns 25,579 shares of the company’s stock worth $2,035,000 after purchasing an additional 819 shares in the last quarter. Standard Life Aberdeen plc lifted its holdings in Hyatt Hotels by 104.3% during the 3rd quarter. Standard Life Aberdeen plc now owns 242,453 shares of the company’s stock worth $19,301,000 after purchasing an additional 123,790 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hyatt Hotels by 13.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 391,170 shares of the company’s stock worth $31,139,000 after purchasing an additional 45,750 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Hyatt Hotels by 43.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 205,021 shares of the company’s stock worth $16,318,000 after purchasing an additional 61,629 shares in the last quarter. Institutional investors and hedge funds own 36.70% of the company’s stock.
NYSE H traded down $0.23 during trading on Friday, reaching $70.97. The company’s stock had a trading volume of 4,695 shares, compared to its average volume of 657,879. The firm has a market capitalization of $7.70 billion, a P/E ratio of 40.03, a P/E/G ratio of 4.57 and a beta of 1.29. The company has a quick ratio of 2.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.41. Hyatt Hotels Co. has a one year low of $64.82 and a one year high of $84.89.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 28th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. Hyatt Hotels’s dividend payout ratio is currently 33.71%.
A number of analysts recently issued reports on H shares. Longbow Research started coverage on Hyatt Hotels in a report on Friday, September 7th. They set a “buy” rating and a $99.00 price objective on the stock. Robert W. Baird set a $88.00 price objective on Hyatt Hotels and gave the stock a “buy” rating in a report on Friday, October 19th. Jefferies Financial Group reissued a “hold” rating and set a $84.00 price objective on shares of Hyatt Hotels in a report on Thursday, October 4th. Zacks Investment Research raised Hyatt Hotels from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Wednesday. Finally, Wells Fargo & Co dropped their price objective on Hyatt Hotels from $92.00 to $79.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $82.09.
In other news, insider Featherman Trust sold 72,569 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $68.90, for a total transaction of $5,000,004.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark R. Vondrasek sold 7,540 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $71.77, for a total value of $541,145.80. The disclosure for this sale can be found here. Insiders sold a total of 276,828 shares of company stock worth $20,902,937 over the last 90 days. Corporate insiders own 18.40% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.
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