On June 19, 2023, Natixis made a significant investment by purchasing a new position in Hyatt Hotels Co. According to the most recent 13F filing with the SEC, the institutional investor purchased 115,000 shares of Hyatt Hotels’ stock worth approximately $10,402,000. This investment indicates that Natixis sees potential growth in the hospitality industry and believes that Hyatt Hotels has the potential to deliver positive returns.
Furthermore, on June 12th, Hyatt Hotels announced a dividend payment which was paid out recently. Shareholders who held stocks before May 30th received a dividend payout of $0.15 per share whilst shareholders who purchased shares after May 26th did not receive any dividend payment. The fact that a sizeable dividend payout was made highlights Hyatt Hotels’ financial performance.
On March 22nd, insider Malaika Myers sold over 9,000 shares of the firm’s stock at an average price of $110.59 totalling over one million dollars. Following the sale, Myer’s stake in the company has reduced to approximately $1.7 million dollars.
Moreover, on May 15th H. Charles Floyd sold off six thousand shares at an average price of $114 per share with total earnings amounting to $684,000 making him own almost thirty-three thousand shares in Hyatt Hotels worth over three million dollars.
Corporate insiders hold almost twenty-one and a half percent stake in the company indicating their confidence in their investments gone into it thereby endorsing external investors too while also directing confidence towards other executives handling similar positions which gives more assurance for everyone involved.
Overall, these developments suggest that investing in Hyatt could bring profitable gains and attest to its reliability within the hospitality industry as shown by corporate insiders’ actions and dividend payouts making it an informed choice for both new and seasoned investors alike thus strengthening future prospects and expansion opportunities soon enough!
[bs_slider_forecast ticker=”H”]
Institutional Investors Show Increased Interest in Hyatt Hotels Co.
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”H” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Hyatt Hotels Co. (NYSE:H) has been garnering significant attention from institutional investors. Bank of New York Mellon Corp grew its position in the hotel chain by 59.4% during the first quarter, adding an additional 95,574 shares and bringing the total number to 256,384. American Century Companies Inc. and Citigroup Inc. have also increased their positions in Hyatt Hotels by 31.4% and 13.2%, respectively.
Natixis Advisors L.P. and MetLife Investment Management LLC have both recently bought new positions in Hyatt Hotels; Natixis for approximately $1,214,000 and MetLife for approximately $94,000.
These institutional moves come as several research analysts have recently weighed in on H shares. Truist Financial increased their target price on Hyatt Hotels’ shares to $145 from $132, while Deutsche Bank Aktiengesellschaft raised their price objective to $121 from $113.
Robert W Baird raised their price objective on the company’s shares from $112 to $124 in a March report, while Morgan Stanley raised their target price to $142 from $139.
TheStreet also upgraded Hyatt Hotels’ shares from a “c” rating to a “b” rating earlier this year.
Hyatt Hotels recently paid out a dividend of $0.15 per share on June 12th to stockholders who were on record as of May 30th.
The company’s current market capitalization is listed at around $11.96 billion with a PE ratio of 21.27 and a beta rate of 1.36.
While Hyatt Hotels posted earnings per share of $0.41 for the first quarter of this year – lacking consensus estimates by ($0.06) – it had revenue totalling almost $1 .69 billion for that same quarter compared to analyst estimates of approximately$1 .59 billion.
Hyatt Hotels has a 1 year low of $70.12 and a high of $125.07, with approximately 46.89% of the stock currently owned by institutional investors.
Overall, the sentiment regarding Hyatt Hotels within the investment community is generally positive, with a consensus rating of “Moderate Buy” among analysts and an expected EPS of 2.65 for the current fiscal year.
