QRG Capital Management Inc. Has $2.90 Million Stake in Hyatt Hotels Co. (NYSE:H)

QRG Capital Management Inc. boosted its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,080 shares of the company’s stock after buying an additional 1,368 shares during the period. QRG Capital Management Inc.’s holdings in Hyatt Hotels were worth $2,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Hyatt Hotels by 333.9% in the 2nd 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 in the last quarter. Interval Partners LP boosted 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 purchasing an additional 182,297 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares during the last quarter. Millennium Management LLC increased its position in shares of Hyatt Hotels by 700.5% during the 2nd quarter. Millennium Management LLC now owns 122,746 shares of the company’s stock worth $18,648,000 after purchasing an additional 107,412 shares in the last quarter. Finally, Natixis bought a new position in Hyatt Hotels during the 1st quarter valued at about $14,074,000. Institutional investors own 71.02% of the company’s stock.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $148.14, for a total value of $6,550,602.66. Following the sale, the insider now owns 623,556 shares in the company, valued at approximately $92,373,585.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on H. Evercore ISI raised their price objective on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Barclays cut their price objective on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a report on Friday, November 1st. Finally, Cfra set a $155.00 price objective on shares of Hyatt Hotels in a report on Thursday, October 17th. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Hold” and an average target price of $151.57.

Hyatt Hotels Stock Up 7.0 %

Shares of NYSE:H opened at $153.11 on Thursday. The company has a 50 day moving average price of $150.74 and a two-hundred day moving average price of $148.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $15.36 billion, a PE ratio of 11.54 and a beta of 1.50. Hyatt Hotels Co. has a 52 week low of $103.89 and a 52 week high of $162.24.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter in the prior year, the company earned $0.70 EPS. Analysts forecast that Hyatt Hotels Co. will post 3.86 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. Hyatt Hotels’s payout ratio is 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.