Jefferies Financial Group Inc. Invests $532,000 in Hyatt Hotels Corporation $H

Jefferies Financial Group Inc. bought a new position in shares of Hyatt Hotels Corporation (NYSE:H) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,317 shares of the company’s stock, valued at approximately $532,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC increased its position in shares of Hyatt Hotels by 0.8% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after purchasing an additional 72 shares in the last quarter. Allworth Financial LP increased its position in shares of Hyatt Hotels by 17.8% during the third quarter. Allworth Financial LP now owns 483 shares of the company’s stock worth $69,000 after purchasing an additional 73 shares in the last quarter. Gilbert & Cook Inc. increased its position in shares of Hyatt Hotels by 3.5% during the fourth quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock worth $391,000 after purchasing an additional 83 shares in the last quarter. US Bancorp DE increased its position in shares of Hyatt Hotels by 2.3% during the third quarter. US Bancorp DE now owns 3,788 shares of the company’s stock worth $538,000 after purchasing an additional 85 shares in the last quarter. Finally, Ethic Inc. increased its position in Hyatt Hotels by 3.5% in the 4th quarter. Ethic Inc. now owns 2,533 shares of the company’s stock valued at $406,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on H shares. Barclays boosted their price target on Hyatt Hotels from $197.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on Hyatt Hotels from $186.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday. Sanford C. Bernstein boosted their price target on Hyatt Hotels from $186.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Truist Financial boosted their price target on Hyatt Hotels from $181.00 to $187.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus target price of $188.00.

Hyatt Hotels Stock Performance

NYSE H opened at $181.17 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $161.30 and its two-hundred day moving average is $160.94. Hyatt Hotels Corporation has a 12-month low of $127.54 and a 12-month high of $188.50. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of -517.62 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. Research analysts expect that Hyatt Hotels Corporation will post 3.49 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.3%. Hyatt Hotels’s payout ratio is presently -171.43%.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 8,682 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $172.00, for a total transaction of $1,493,304.00. Following the transaction, the insider owned 13,338 shares in the company, valued at approximately $2,294,136. The trade was a 39.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.96, for a total value of $195,780.24. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 225,154 shares of company stock worth $37,804,562 in the last three months. 23.60% of the stock is currently owned by corporate insiders.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.