Assenagon Asset Management S.A. Takes $1.40 Million Position in Hyatt Hotels Co. (H)

Assenagon Asset Management S.A. acquired a new position in shares of Hyatt Hotels Co. (NYSE:H) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,566 shares of the company’s stock, valued at approximately $1,398,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cutler Group LP purchased a new stake in Hyatt Hotels during the second quarter worth approximately $154,000. Point72 Hong Kong Ltd boosted its stake in shares of Hyatt Hotels by 54.7% in the second quarter. Point72 Hong Kong Ltd now owns 2,523 shares of the company’s stock valued at $195,000 after purchasing an additional 892 shares during the period. CAPROCK Group Inc. purchased a new position in shares of Hyatt Hotels in the third quarter valued at $203,000. Intrust Bank NA purchased a new position in shares of Hyatt Hotels in the second quarter valued at $210,000. Finally, Vident Investment Advisory LLC purchased a new position in shares of Hyatt Hotels in the second quarter valued at $225,000. Institutional investors own 37.38% of the company’s stock.

H has been the subject of several analyst reports. Robert W. Baird set a $88.00 target price on shares of Hyatt Hotels and gave the company a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Thursday, August 2nd. Longbow Research initiated coverage on shares of Hyatt Hotels in a research note on Friday, September 7th. They issued a “buy” rating and a $99.00 target price for the company. Berenberg Bank downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and upped their target price for the company from $83.00 to $87.50 in a research note on Thursday, July 19th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $84.00 target price on shares of Hyatt Hotels in a research note on Thursday, October 4th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.41.

In related news, insider Mark R. Vondrasek sold 7,540 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $71.77, for a total value of $541,145.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider H Co Lp Lci sold 110,480 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.76, for a total transaction of $8,701,404.80. The disclosure for this sale can be found here. Insiders sold 314,739 shares of company stock worth $24,604,337 over the last ninety days. 18.40% of the stock is currently owned by corporate insiders.

H opened at $69.49 on Friday. The firm has a market capitalization of $7.81 billion, a P/E ratio of 39.04, a P/E/G ratio of 4.58 and a beta of 1.28. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.17. Hyatt Hotels Co. has a 12-month low of $64.82 and a 12-month high of $84.89.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Hyatt Hotels had a net margin of 17.80% and a return on equity of 4.95%. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 1.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Wednesday, November 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $0.60 annualized dividend and a yield of 0.86%. Hyatt Hotels’s dividend payout ratio is presently 33.71%.

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About Hyatt Hotels

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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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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