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SouthState Corp Raises Stake in Hyatt Hotels Co. (NYSE:H)

Hyatt Hotels logo with Consumer Discretionary background

SouthState Corp lifted its position in Hyatt Hotels Co. (NYSE:H - Free Report) by 14.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,092 shares of the company's stock after purchasing an additional 3,364 shares during the period. SouthState Corp's holdings in Hyatt Hotels were worth $4,123,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. LRI Investments LLC purchased a new position in Hyatt Hotels in the 1st quarter worth about $26,000. Summit Securities Group LLC bought a new stake in Hyatt Hotels during the second quarter valued at about $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Hyatt Hotels in the third quarter worth about $30,000. Blue Trust Inc. raised its position in Hyatt Hotels by 190.2% during the third quarter. Blue Trust Inc. now owns 325 shares of the company's stock valued at $49,000 after acquiring an additional 213 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Hyatt Hotels in the first quarter valued at approximately $53,000. Institutional investors own 71.02% of the company's stock.

Hyatt Hotels Stock Up 0.3 %

NYSE:H traded up $0.46 during trading hours on Tuesday, reaching $153.18. The company had a trading volume of 526,101 shares, compared to its average volume of 586,261. Hyatt Hotels Co. has a twelve month low of $112.85 and a twelve month high of $162.24. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 11.28 and a beta of 1.50. The business's 50-day simple moving average is $152.06 and its two-hundred day simple moving average is $149.20. 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 - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm earned $0.70 EPS. On average, equities analysts expect that Hyatt Hotels Co. will post 3.85 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Friday, November 22nd. Hyatt Hotels's dividend payout ratio is presently 4.52%.

Analysts Set New Price Targets

A number of brokerages recently commented on H. Robert W. Baird lifted their price objective on Hyatt Hotels from $157.00 to $158.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. HSBC cut Hyatt Hotels from a "buy" rating to a "hold" rating and set a $156.00 target price for the company. in a research report on Friday, November 1st. Cfra set a $155.00 price objective on Hyatt Hotels in a research note on Thursday, October 17th. Evercore ISI increased their target price on Hyatt Hotels from $145.00 to $155.00 and gave the stock an "in-line" rating in a research note on Monday, October 21st. Finally, Morgan Stanley dropped their price target on Hyatt Hotels from $160.00 to $153.00 and set an "equal weight" rating for the company in a research report on Monday. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $151.57.

View Our Latest Analysis on Hyatt Hotels

Insiders Place Their Bets

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $149.77, for a total transaction of $7,696,380.76. Following the completion of the transaction, the insider now directly owns 623,556 shares of the company's stock, valued at $93,389,982.12. This trade represents a 7.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 23.50% of the company's stock.

Hyatt Hotels Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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