Procyon Advisors LLC Boosts Stake in Hyatt Hotels Co. (NYSE:H)

Procyon Advisors LLC grew its stake in shares of Hyatt Hotels Co. (NYSE:H) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,293 shares of the company’s stock after buying an additional 168 shares during the period. Procyon Advisors LLC’s holdings in Hyatt Hotels were worth $517,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in H. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Hyatt Hotels during the 3rd quarter worth about $30,000. Versant Capital Management Inc boosted its stake in shares of Hyatt Hotels by 583.3% during the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 310 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in shares of Hyatt Hotels during the third quarter valued at approximately $51,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

H has been the subject of several analyst reports. Evercore ISI boosted their price target on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Morgan Stanley reduced their target price on Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. The Goldman Sachs Group lifted their price target on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Cfra set a $155.00 price objective on shares of Hyatt Hotels in a report on Thursday, October 17th. Finally, HSBC downgraded shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a report on Friday, November 1st. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Hyatt Hotels presently has a consensus rating of “Hold” and a consensus target price of $156.48.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the sale, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is currently owned by company insiders.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $156.18 on Friday. The business has a 50 day moving average price of $156.88 and a two-hundred day moving average price of $151.76. Hyatt Hotels Co. has a fifty-two week low of $125.44 and a fifty-two week high of $168.20. The firm has a market cap of $15.00 billion, a PE ratio of 11.77 and a beta of 1.48. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the firm posted $0.70 EPS. Sell-side analysts expect that Hyatt Hotels Co. will post 3.82 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels’s payout ratio is currently 4.52%.

Hyatt Hotels Company 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.