Virtu Financial LLC Makes New Investment in Hyatt Hotels Co. (NYSE:H)

Virtu Financial LLC purchased a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,887 shares of the company's stock, valued at approximately $1,048,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Hyatt Hotels by 333.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 259,608 shares of the company's stock worth $39,440,000 after purchasing an additional 199,773 shares during the period. Interval Partners LP grew its stake in shares of Hyatt Hotels by 314.1% in the 2nd quarter. Interval Partners LP now owns 240,327 shares of the company's stock valued at $36,510,000 after buying an additional 182,297 shares during the period. Principal Financial Group Inc. increased its position in Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock valued at $401,827,000 after buying an additional 162,562 shares in the last quarter. Icon Wealth Advisors LLC raised its stake in Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company's stock worth $20,009,000 after buying an additional 130,724 shares during the period. Finally, Millennium Management LLC grew its stake in 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 acquiring an additional 107,412 shares during the period. Institutional investors and hedge funds own 73.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. StockNews.com upgraded Hyatt Hotels from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Barclays upped their price target on Hyatt Hotels from $144.00 to $161.00 and gave the stock an "equal weight" rating in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein lowered their target price on shares of Hyatt Hotels from $185.00 to $178.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $152.88.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock traded down $0.54 on Friday, reaching $158.99. The stock had a trading volume of 415,102 shares, compared to its average volume of 585,895. The business's 50 day moving average is $154.99 and its two-hundred day moving average is $150.34. The company has a market cap of $15.27 billion, a P/E ratio of 11.98 and a beta of 1.50. Hyatt Hotels Co. has a 1 year low of $124.40 and a 1 year high of $168.20. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.73.

Hyatt Hotels (NYSE:H - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the previous year, the business earned $0.70 earnings per share. As a group, research analysts anticipate that Hyatt Hotels Co. will post 3.89 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels's dividend payout ratio is presently 4.52%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares of the company's stock, valued at $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 23.50% of the company's stock.

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.