Point72 Hong Kong Ltd lifted its stake in Hyatt Hotels Co. (NYSE:H) by 54.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,523 shares of the company’s stock after acquiring an additional 892 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Hyatt Hotels were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Hyatt Hotels by 2.9% during the first quarter. Rhumbline Advisers now owns 44,038 shares of the company’s stock valued at $3,358,000 after acquiring an additional 1,238 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Hyatt Hotels by 14.2% in the first quarter. Victory Capital Management Inc. now owns 41,200 shares of the company’s stock valued at $3,142,000 after acquiring an additional 5,112 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Hyatt Hotels by 5,248.5% in the first quarter. Prudential Financial Inc. now owns 183,775 shares of the company’s stock valued at $14,015,000 after acquiring an additional 180,339 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Hyatt Hotels by 11.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 234,313 shares of the company’s stock valued at $17,869,000 after acquiring an additional 23,852 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Hyatt Hotels in the first quarter valued at $481,000. Hedge funds and other institutional investors own 37.19% of the company’s stock.

NYSE H opened at $76.72 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 1.89. Hyatt Hotels Co. has a 52-week low of $59.82 and a 52-week high of $84.89. The stock has a market cap of $8.47 billion, a P/E ratio of 43.10, a P/E/G ratio of 4.81 and a beta of 1.23.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Tuesday, July 31st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.24. Hyatt Hotels had a return on equity of 4.91% and a net margin of 12.76%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. analysts predict that Hyatt Hotels Co. will post 1.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Thursday, September 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, September 5th. Hyatt Hotels’s dividend payout ratio is currently 33.71%.

In related news, insider H Co Lp Lci sold 110,480 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $78.76, for a total transaction of $8,701,404.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 18.40% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Hyatt Hotels from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Wednesday, September 5th. Citigroup lifted their target price on Hyatt Hotels from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Longbow Research assumed coverage on Hyatt Hotels in a research report on Friday, September 7th. They set a “buy” rating and a $99.00 target price on the stock. Jefferies Financial Group assumed coverage on Hyatt Hotels in a research report on Thursday, May 31st. They set a “hold” rating and a $85.00 target price on the stock. Finally, Berenberg Bank cut Hyatt Hotels from a “buy” rating to a “hold” rating and lifted their target price for the stock from $83.00 to $87.50 in a research report on Thursday, July 19th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Hyatt Hotels presently has an average rating of “Buy” and a consensus target price of $85.54.

Hyatt Hotels Company Profile

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates in four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

Further Reading: Understanding Relative Strength Index

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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