Janney Montgomery Scott LLC Makes New $488,000 Investment in Hyatt Hotels Corporation (NYSE:H)

Janney Montgomery Scott LLC acquired a new stake in Hyatt Hotels Corporation (NYSE:H) during the 1st quarter, Holdings Channel reports. The firm acquired 3,986 shares of the company’s stock, valued at approximately $488,000.

A number of other hedge funds have also recently made changes to their positions in the business. Bernard Wealth Management Corp. purchased a new stake in Hyatt Hotels in the 4th quarter worth $26,000. UMB Bank n.a. lifted its position in shares of Hyatt Hotels by 138.8% in the first quarter. UMB Bank n.a. now owns 499 shares of the company’s stock worth $61,000 after buying an additional 290 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Hyatt Hotels in the fourth quarter worth about $88,000. Allstate Corp bought a new position in Hyatt Hotels during the fourth quarter valued at approximately $221,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in Hyatt Hotels by 120.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company’s stock valued at $238,000 after buying an additional 829 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Insider Buying and Selling

In other Hyatt Hotels news, insider David Udell sold 3,891 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $134.03, for a total transaction of $521,510.73. Following the sale, the insider owned 16,756 shares of the company’s stock, valued at approximately $2,245,806.68. This trade represents a 18.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hotels Corp Hyatt purchased 996,587 shares of Hyatt Hotels stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of $13.50 per share, with a total value of $13,453,924.50. Following the completion of the transaction, the insider owned 117,077,441 shares in the company, valued at approximately $1,580,545,453.50. This represents a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 371,111 shares of company stock valued at $49,273,516 over the last ninety days. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Price Performance

H opened at $147.36 on Friday. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 4.69 and a beta of 1.42. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. Hyatt Hotels Corporation has a 12-month low of $102.43 and a 12-month high of $168.20. The business’s fifty day simple moving average is $130.93 and its 200-day simple moving average is $136.18.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.16. Hyatt Hotels had a net margin of 11.94% and a return on equity of 8.98%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business earned $0.71 EPS. On average, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Thursday, May 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels’s payout ratio is 7.79%.

Analyst Ratings Changes

Several analysts have recently issued reports on H shares. Stifel Nicolaus decreased their price objective on Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. Morgan Stanley reduced their price target on shares of Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial lowered their price target on shares of Hyatt Hotels from $156.00 to $140.00 and set a “buy” rating for the company in a report on Friday, May 30th. Barclays lifted their price target on Hyatt Hotels from $122.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Finally, Robert W. Baird upped their price objective on Hyatt Hotels from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Hyatt Hotels presently has an average rating of “Hold” and an average price target of $150.63.

About Hyatt Hotels

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.