Red Spruce Capital LLC Has $2.12 Million Holdings in Hyatt Hotels Co. (NYSE:H)

Red Spruce Capital LLC lowered its holdings in Hyatt Hotels Co. (NYSE:H) by 0.5% in the third quarter, HoldingsChannel.com reports. The firm owned 13,923 shares of the company’s stock after selling 71 shares during the quarter. Red Spruce Capital LLC’s holdings in Hyatt Hotels were worth $2,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Hyatt Hotels by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock valued at $550,509,000 after purchasing an additional 144,356 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after buying an additional 162,562 shares in the last quarter. Fiera Capital Corp boosted its position in shares of Hyatt Hotels by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after acquiring an additional 6,896 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hyatt Hotels by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock valued at $73,822,000 after acquiring an additional 46,574 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Hyatt Hotels by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock valued at $71,371,000 after purchasing an additional 20,997 shares in the last quarter. Institutional investors and hedge funds own 71.02% of the company’s stock.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of Hyatt Hotels stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total value of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.50% of the stock is currently owned by corporate insiders.

Hyatt Hotels Trading Up 2.5 %

Hyatt Hotels stock traded up $3.69 during mid-day trading on Friday, hitting $153.69. 281,046 shares of the stock were exchanged, compared to its average volume of 598,299. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 23.86 and a beta of 1.50. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $162.24. 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 firm’s fifty day simple moving average is $146.12 and its two-hundred day simple moving average is $149.57.

Hyatt Hotels (NYSE:H) last announced its earnings results on Tuesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.58. Hyatt Hotels had a net margin of 14.55% and a return on equity of 10.25%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $0.82 earnings per share. Analysts forecast that Hyatt Hotels Co. will post 3.95 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 27th were paid a dividend of $0.15 per share. 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 9.32%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on H shares. Mizuho decreased 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. JPMorgan Chase & Co. increased their target price on shares of Hyatt Hotels from $171.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Evercore ISI decreased their price target on shares of Hyatt Hotels from $155.00 to $145.00 and set an “in-line” rating on the stock in a report on Wednesday, August 7th. Susquehanna dropped their price objective 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. Finally, Macquarie cut their target price on shares of Hyatt Hotels from $168.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.