Virtu Financial LLC Acquires Shares of 6,887 Hyatt Hotels Co. (NYSE:H)

Virtu Financial LLC purchased a new position in Hyatt Hotels Co. (NYSE:H) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,887 shares of the company’s stock, valued at approximately $1,048,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Andra AP fonden grew its holdings in Hyatt Hotels by 51.2% during the 2nd quarter. Andra AP fonden now owns 35,400 shares of the company’s stock worth $5,378,000 after acquiring an additional 11,994 shares in the last quarter. III Capital Management acquired a new position in Hyatt Hotels in the second quarter worth about $871,000. Assetmark Inc. increased its holdings in Hyatt Hotels by 162.2% in the third quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock valued at $7,464,000 after buying an additional 30,339 shares during the last quarter. Bamco Inc. NY raised its stake in Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after buying an additional 68,608 shares in the last quarter. Finally, Icon Wealth Advisors LLC lifted its holdings 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 last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE:H opened at $159.09 on Friday. The stock has a market cap of $15.28 billion, a price-to-earnings ratio of 11.99 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a 12 month low of $124.40 and a 12 month high of $168.20. The stock’s 50 day moving average price is $154.99 and its 200 day moving average price is $150.34.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Insider Buying and Selling

In other news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction 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. This represents a 39.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 23.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Mizuho dropped their price target on Hyatt Hotels from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Morgan Stanley dropped their target price on shares of Hyatt Hotels from $160.00 to $153.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Bank of America lifted their price target on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a report on Monday, October 21st. HSBC lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research note on Friday, November 1st. Finally, Cfra set a $155.00 target price on Hyatt Hotels in a report on Thursday, October 17th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Hyatt Hotels currently has an average rating of “Hold” and an average target price of $152.88.

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.