Hyatt Hotels Co. (NYSE:H) Short Interest Down 5.5% in November

Hyatt Hotels Co. (NYSE:H) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 4,260,000 shares, a decline of 5.5% from the October 31st total of 4,510,000 shares. Based on an average daily trading volume, of 516,700 shares, the days-to-cover ratio is presently 8.2 days.

Hyatt Hotels Trading Up 2.4 %

Shares of H stock opened at $161.85 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. Hyatt Hotels has a 52-week low of $116.20 and a 52-week high of $162.26. The company has a market capitalization of $15.54 billion, a PE ratio of 11.91 and a beta of 1.50. The business’s fifty day moving average is $153.75 and its 200 day moving average is $149.69.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels will post 3.89 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.37%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Susquehanna dropped their price target on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Sanford C. Bernstein dropped their price target on Hyatt Hotels from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Truist Financial dropped their price target on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus upped their price target on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research note on Tuesday, November 26th. Finally, Mizuho decreased their price objective on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $151.88.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at $927,622.02. The trade was a 39.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of H. Oddo BHF Asset Management Sas bought a new stake in shares of Hyatt Hotels in the third quarter worth about $1,728,000. Synovus Financial Corp grew its stake in shares of Hyatt Hotels by 15.4% in the third quarter. Synovus Financial Corp now owns 3,492 shares of the company’s stock worth $531,000 after purchasing an additional 467 shares during the last quarter. Tidal Investments LLC purchased a new stake in Hyatt Hotels in the third quarter worth about $273,000. World Investment Advisors LLC purchased a new stake in Hyatt Hotels in the third quarter worth about $4,520,000. Finally, Sanctuary Advisors LLC lifted its holdings in Hyatt Hotels by 30.8% in the third quarter. Sanctuary Advisors LLC now owns 5,278 shares of the company’s stock worth $825,000 after buying an additional 1,244 shares during the period. 71.02% of the stock is owned by institutional investors.

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.