Raymond James Financial Inc. Makes New $77.14 Million Investment in Hyatt Hotels Co. (NYSE:H)

Raymond James Financial Inc. bought a new position in shares of Hyatt Hotels Co. (NYSE:H) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 491,377 shares of the company’s stock, valued at approximately $77,136,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. raised its position in shares of Hyatt Hotels by 14.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 69,088 shares of the company’s stock valued at $10,845,000 after buying an additional 8,510 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Hyatt Hotels by 0.9% in the fourth quarter. Arizona State Retirement System now owns 13,050 shares of the company’s stock valued at $2,049,000 after buying an additional 110 shares during the period. Aigen Investment Management LP lifted its stake in shares of Hyatt Hotels by 15.6% in the fourth quarter. Aigen Investment Management LP now owns 4,715 shares of the company’s stock valued at $740,000 after buying an additional 637 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Hyatt Hotels in the fourth quarter valued at about $7,072,000. Finally, Assetmark Inc. lifted its stake in shares of Hyatt Hotels by 29.5% in the fourth quarter. Assetmark Inc. now owns 63,525 shares of the company’s stock valued at $9,972,000 after buying an additional 14,484 shares during the period. Institutional investors and hedge funds own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Mizuho reduced their target price on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. Macquarie reduced their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, February 14th. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Truist Financial raised their price target on shares of Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group raised their price target on shares of Hyatt Hotels from $150.00 to $176.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $162.24.

Insider Transactions 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 sale, the director now directly owns 37,927 shares of the company’s stock, valued at approximately $5,377,290.06. The trade was a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of Hyatt Hotels stock opened at $135.86 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $13.06 billion, a P/E ratio of 10.92 and a beta of 1.51. The firm has a 50 day simple moving average of $151.47 and a 200 day simple moving average of $152.71. Hyatt Hotels Co. has a fifty-two week low of $128.91 and a fifty-two week high of $168.20.

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

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. Hyatt Hotels’s dividend payout ratio is 4.82%.

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.