Wealthfront Advisers LLC Invests $8.27 Million in Hyatt Hotels Co. (NYSE:H)

Wealthfront Advisers LLC bought a new position in shares of Hyatt Hotels Co. (NYSE:H - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 52,675 shares of the company's stock, valued at approximately $8,269,000. Wealthfront Advisers LLC owned 0.05% of Hyatt Hotels at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its holdings in shares of Hyatt Hotels by 583.3% during the fourth 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 period. UMB Bank n.a. increased its stake in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after acquiring an additional 104 shares during the last quarter. iA Global Asset Management Inc. bought a new position in Hyatt Hotels in the third quarter valued at approximately $51,000. Venturi Wealth Management LLC increased its stake in Hyatt Hotels by 750.0% in the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock valued at $53,000 after acquiring an additional 300 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Hyatt Hotels by 31.9% in the fourth quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after acquiring an additional 113 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Insider Activity at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now owns 37,927 shares in the company, valued at $5,377,290.06. The trade was a 4.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $125.12 on Thursday. The firm has a market cap of $12.03 billion, a PE ratio of 10.06 and a beta of 1.51. The firm's fifty day moving average is $149.68 and its 200-day moving average is $152.27. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a 52 week low of $122.12 and a 52 week high of $168.20.

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Hyatt Hotels (NYSE:H - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same quarter in the previous year, the firm earned $0.64 EPS. Sell-side analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.15 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.48%. Hyatt Hotels's payout ratio is 4.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on H. Robert W. Baird decreased their price objective on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Barclays decreased their price objective on shares of Hyatt Hotels from $162.00 to $151.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. Truist Financial raised their target price on shares of Hyatt Hotels from $158.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research report on Monday, February 17th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $162.24.

Hyatt Hotels 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.

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