LRI Investments LLC Makes New Investment in Hyatt Hotels Co. (NYSE:H)

LRI Investments LLC bought a new position in Hyatt Hotels Co. (NYSE:H) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 162 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also modified their holdings of H. SG Americas Securities LLC grew its holdings in shares of Hyatt Hotels by 135.5% in the fourth quarter. SG Americas Securities LLC now owns 3,486 shares of the company’s stock worth $455,000 after acquiring an additional 2,006 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Hyatt Hotels by 33.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,532 shares of the company’s stock worth $852,000 after acquiring an additional 1,645 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $623,000. State of Michigan Retirement System bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $1,382,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter worth $1,361,000. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of H opened at $136.57 on Friday. Hyatt Hotels Co. has a 12 month low of $96.77 and a 12 month high of $162.24. The stock has a fifty day moving average price of $149.38 and a 200-day moving average price of $147.60. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13.82 billion, a PE ratio of 21.20 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, May 9th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same quarter last year, the business earned $0.41 EPS. Equities research analysts predict that Hyatt Hotels Co. will post 3.47 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.44%. The ex-dividend date was Wednesday, May 29th. Hyatt Hotels’s dividend payout ratio is currently 9.32%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Joan Bottarini sold 305 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $148.00, for a total transaction of $45,140.00. Following the sale, the insider now directly owns 15,799 shares of the company’s stock, valued at approximately $2,338,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael A. Rocca sold 1,189 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $149.52, for a total transaction of $177,779.28. Following the sale, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joan Bottarini sold 305 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $148.00, for a total transaction of $45,140.00. Following the completion of the transaction, the insider now directly owns 15,799 shares in the company, valued at $2,338,252. The disclosure for this sale can be found here. 23.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Mizuho boosted their price target on Hyatt Hotels from $195.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Robert W. Baird boosted their price objective on Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Sanford C. Bernstein boosted their price objective on Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. boosted their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Barclays boosted their price objective on Hyatt Hotels from $153.00 to $159.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus price target of $151.19.

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.