Bridges Investment Management Inc. Makes New Investment in Hyatt Hotels Co. (NYSE:H)

Bridges Investment Management Inc. bought a new stake in Hyatt Hotels Co. (NYSE:H) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,955 shares of the company’s stock, valued at approximately $601,000.

Several other large investors have also modified their holdings of the stock. MQS Management LLC boosted its holdings in shares of Hyatt Hotels by 60.1% in the 2nd quarter. MQS Management LLC now owns 4,467 shares of the company’s stock valued at $679,000 after buying an additional 1,676 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Hyatt Hotels by 5.7% in the 2nd quarter. Hsbc Holdings PLC now owns 9,786 shares of the company’s stock valued at $1,484,000 after buying an additional 527 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Hyatt Hotels by 15.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,076 shares of the company’s stock valued at $618,000 after buying an additional 559 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Hyatt Hotels by 12.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,684 shares of the company’s stock valued at $1,927,000 after buying an additional 1,376 shares in the last quarter. Finally, Lingotto Investment Management LLP boosted its holdings in shares of Hyatt Hotels by 42.5% in the 2nd quarter. Lingotto Investment Management LLP now owns 31,822 shares of the company’s stock valued at $4,834,000 after buying an additional 9,483 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of H opened at $154.89 on Friday. The company has a 50-day simple moving average of $146.34 and a 200-day simple moving average of $149.71. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $15.67 billion, a PE ratio of 24.05 and a beta of 1.50. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $162.24.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.58. The business had revenue of $1.70 billion during 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 quarter last year, the firm posted $0.82 EPS. Equities research analysts predict that Hyatt Hotels Co. will post 3.97 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio is presently 9.32%.

Insider Activity

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on H. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday, August 12th. Evercore ISI decreased their price target on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Wednesday, August 7th. Truist Financial decreased their price target on shares of Hyatt Hotels from $168.00 to $164.00 and set a “buy” rating for the company in a research note on Monday, August 12th. The Goldman Sachs Group started coverage on shares of Hyatt Hotels in a research note on Wednesday. They set a “neutral” rating and a $151.00 price target for the company. Finally, Susquehanna decreased 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 note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Hold” and an average target price of $148.21.

Hyatt Hotels 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.