Aigen Investment Management LP Makes New Investment in Hyatt Hotels Co. (NYSE:H)

Aigen Investment Management LP acquired a new position in Hyatt Hotels Co. (NYSE:H) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,078 shares of the company’s stock, valued at approximately $621,000.

Other large investors have also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in Hyatt Hotels in the first quarter worth $26,000. Summit Securities Group LLC acquired a new stake in Hyatt Hotels in the second quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Hyatt Hotels in the third quarter valued at $30,000. Blue Trust Inc. grew its holdings in Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock valued at $49,000 after purchasing an additional 213 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Hyatt Hotels by 1,107.1% in the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Activity at Hyatt Hotels

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the sale, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Hyatt Hotels stock opened at $159.54 on Thursday. The stock’s 50-day moving average is $151.54 and its 200-day moving average is $149.12. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 12.02 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a 12 month low of $109.50 and a 12 month high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period last year, the business posted $0.70 EPS. Equities analysts anticipate that Hyatt Hotels Co. will post 3.85 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s payout ratio is currently 4.52%.

Wall Street Analyst Weigh In

H has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a report on Friday, November 1st. Cfra set a $155.00 target price on Hyatt Hotels in a report on Thursday, October 17th. Susquehanna decreased their price objective on Hyatt Hotels from $160.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Robert W. Baird increased their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Evercore ISI increased their price objective on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels has a consensus rating of “Hold” and a consensus price target of $151.57.

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.