Connor Clark & Lunn Investment Management Ltd. Makes New $8.51 Million Investment in Hyatt Hotels Corporation $H

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Hyatt Hotels Corporation (NYSE:H) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 77,152 shares of the company’s stock, valued at approximately $8,508,000.

Other large investors have also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC lifted its stake in shares of Hyatt Hotels by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,459 shares of the company’s stock valued at $210,000 after acquiring an additional 60 shares during the last quarter. Pacer Advisors Inc. grew its position in Hyatt Hotels by 1.0% during the 1st quarter. Pacer Advisors Inc. now owns 6,625 shares of the company’s stock worth $953,000 after acquiring an additional 67 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Hyatt Hotels by 18.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 459 shares of the company’s stock worth $74,000 after acquiring an additional 72 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Hyatt Hotels by 3.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,318 shares of the company’s stock worth $372,000 after purchasing an additional 79 shares during the period. Finally, Ethic Inc. lifted its position in Hyatt Hotels by 3.5% in the fourth quarter. Ethic Inc. now owns 2,533 shares of the company’s stock valued at $406,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on H shares. Stifel Nicolaus set a $182.00 target price on shares of Hyatt Hotels in a report on Friday, May 29th. Barclays cut their price target on shares of Hyatt Hotels from $220.00 to $201.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hyatt Hotels in a report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their price target on Hyatt Hotels from $215.00 to $209.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Robert W. Baird dropped their price objective on Hyatt Hotels from $198.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $196.64.

Hyatt Hotels Price Performance

H stock opened at $177.34 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. Hyatt Hotels Corporation has a 1 year low of $134.18 and a 1 year high of $206.86. The firm has a 50-day moving average of $186.14 and a 200 day moving average of $172.65. The company has a market cap of $16.71 billion, a P/E ratio of 216.27 and a beta of 1.33.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.21. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.68 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Hyatt Hotels Corporation will post 3.54 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels’s payout ratio is currently 73.17%.

Insider Buying and Selling

In other news, Director Susan D. Kronick sold 1,700 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $179.88, for a total transaction of $305,796.00. Following the sale, the director owned 29,525 shares in the company, valued at approximately $5,310,957. The trade was a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Peter Sears sold 10,217 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $185.66, for a total transaction of $1,896,888.22. Following the completion of the sale, the insider directly owned 6,374 shares in the company, valued at $1,183,396.84. This represents a 61.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,004 shares of company stock valued at $2,595,040 over the last ninety days. Company insiders own 23.60% of the company’s stock.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.