Aigen Investment Management LP Takes $621,000 Position in Hyatt Hotels Co. (NYSE:H)

Aigen Investment Management LP purchased a new stake in Hyatt Hotels Co. (NYSE:H - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,078 shares of the company's stock, valued at approximately $621,000.

Several other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company's stock valued at $39,440,000 after buying an additional 199,773 shares during the period. Interval Partners LP raised its holdings in Hyatt Hotels by 314.1% during the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company's stock valued at $36,510,000 after acquiring an additional 182,297 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock worth $401,827,000 after acquiring an additional 162,562 shares in the last quarter. Millennium Management LLC grew its position in shares of Hyatt Hotels by 700.5% in the second quarter. Millennium Management LLC now owns 122,746 shares of the company's stock valued at $18,648,000 after purchasing an additional 107,412 shares in the last quarter. Finally, Natixis bought a new stake in shares of Hyatt Hotels during the 1st quarter valued at $14,074,000. Institutional investors and hedge funds own 71.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on H. Truist Financial cut their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Robert W. Baird lifted 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. Macquarie decreased their target price on Hyatt Hotels from $165.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Bank of America boosted their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Hsbc Global Res raised shares of Hyatt Hotels to a "hold" rating in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $151.57.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the transaction, the insider now directly owns 623,556 shares in the company, valued at approximately $92,373,585.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.50% of the stock is owned by company insiders.

Hyatt Hotels Stock Down 0.5 %

Shares of NYSE:H traded down $0.82 during trading on Thursday, hitting $158.71. The stock had a trading volume of 278,858 shares, compared to its average volume of 586,347. 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 Co. has a 12 month low of $111.60 and a 12 month high of $162.24. The company has a market capitalization of $15.24 billion, a PE ratio of 12.02 and a beta of 1.50. The firm's fifty day moving average is $151.54 and its 200 day moving average is $149.12.

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

Hyatt Hotels Dividend Announcement

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

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.