Investment management firm Dupont Capital Management Corp recently made a significant move in its holdings in Hyatt Hotels Co. (NYSE: H). Dupont Capital Management Corp trimmed its holdings in Hyatt Hotels by 54.2% in the first quarter of this year, according to the company in its most recent filing with the Securities & Exchange Commission. The fund sold 1,874 shares of the hotel chain’s stock, decreasing its holdings to 1,585 shares, valued at approximately $177,000.
The news has sparked interest among analysts who closely follow the performance of Hyatt Hotels. One such research group is StockNews.com, which recently started covering the hotel industry and gave it a “hold” rating. Another notable expert came from the 22nd Century Group, who reiterated their positive sentiment on Hyatt Hotels. Adding to the mix is Deutsche Bank Aktiengesellschaft, which upped its target price from $113.00 to $121.00 in a research note. Citigroup reiterated neutral with a $122.00 price objective while Morgan Stanley revised its price objective down from $142.00 to $136.00.
The analysis from these various analysts resulted in a “Moderate Buy” rating for Hyatt Hotels according to Bloomberg data. The average price is currently $121.22.
Shares of NYSE: H opened at $120.51 as of July 21, 2023, indicating stability despite recent market volatility. With a market capitalization of approximately $12.74 billion and a modest P/E ratio of 22.65, Hyatt Hotels presents an opportunity for investors looking for an opportunity to earn a profit.
Hyatt Hotels’ beta is 1.36, meaning it is relatively stable compared to the market. However, thanks to a strong ratio of 0.66 and a quick and recent ratio of 0.64, the company is showing good financial health. These factors, including a one-year low of $77.70 and a one-year high of $125.07, indicate that Hyatt Hotels has the potential for future growth.
The hotel group’s recent performance has been commendable, with a 50-day low of $113.79 and a 200-day low of $111.70 as of July 21, 2023. All of these positive sentiments indicate that Hyatt Hotels is well-positioned to take advantage of the company’s future opportunities.
Finally, the decline in Dupont Capital Management Corp’s stock price reflects the trend within the business surrounding Hyatt Hotels Co. Research analysts’ reports provide valuable information on market sentiment regarding the stock, with a consensus rating of “Moderate Buy” and an average price target of $121.22. Despite the recent volatility, Hyatt Hotels’ share price has remained stable, reflecting investors’ confidence in its growth and financial strength in the market.
Disclaimer: The information provided in this article is based only on public information as of July 21, 2023. It does not constitute financial advice or opinion and should not be construed as such. Marketers should do a thorough self-investigation before making any marketing decisions.
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Hyatt Hotels Growth: Investor Confidence and Growth Potential
The financial world is often confusing and difficult, with many investors constantly looking for opportunities to increase their holdings in various companies. This is reflected in recent transactions by many well-known investors and hedge funds related to Hyatt Hotels (NYSE:H), one of the leading players in the world’s hospitality industry.
One such investor, Parallel Advisors LLC, significantly increased its stake in Hyatt Hotels in the first quarter of this year. Growing its position an impressive 80.4%, Parallel Advisors now owns 276 shares of the company’s stock, valued at $31,000, after acquiring an additional 123 shares during the last quarter.
Money Concepts Capital Corp also saw the potential of Hyatt Hotels and decided to follow. The investment firm raised its stake in the company by an impressive 335.2% in the fourth quarter, now owns 383 shares worth $35,000 after acquiring an additional 295 shares.
Coppell Advisory Solutions Corp., an investment advisory firm known for its innovative investment strategies, identified Hyatt Hotels as a viable option and acquired a new stake in the fourth quarter of last year. These costs totaled approximately $44,000.
Captrust Financial Advisors also saw value in Hyatt Hotels and decided to join other investors by increasing its stake in the company by 136.4% in the first quarter. Their diligence resulted in them owning 487 shares valued at $46,000 after acquiring an additional 281 shares.
Finally, Castleview Partners LLC decided to capitalize on the opportunity by acquiring a new stake in Hyatt Hotels during the fourth quarter valued at about $60,000. These smart investments made by investors and hedge funds now reach approximately 46.57% ownership of Hyatt Hotels.
In addition to this major change in ownership, there have been notable developments within Hyatt Hotels itself that are affecting its market. For example, the insider H. Charles Floyd sold 6,000 shares of the company’s stock in May, worth $684,000. Following this transaction, the insider now owns 32,927 shares valued at approximately $3,753,678. This transaction was disclosed through a filing by the SEC and can be accessed through their website. Currently, industry insiders own 22.15% of Hyatt Hotels’ stock.
Market experts will also provide valuable insight into Hyatt Hotels’ performance and growth potential. StockNews.com recently started coverage of the company and issued a “summary” on its stock in May. Additionally, 22nd Century Group reiterated its positive outlook on Hyatt Hotels in June.
Deutsche Bank Aktiengesellschaft raised their price target on Hyatt Hotels from $113.00 to $121.00 in May, indicating their confidence in the company’s future prospects. Citigroup reiterated a neutral rating on shares of Hyatt Hotels but issued a $122.00 price objective.
On the other hand, Morgan Stanley lowered their price target for Hyatt Hotels from $142.00 to $136.00 at the end of June as part of their research on the company’s performance.
Despite differing opinions from various analysts, Bloomberg data indicates that there is a consensus of “Moderate Buy” on Hyatt Hotels stock, with an average target price of $121.22.
In order to evaluate its financial health and stability between these changes and the analysis carried out by market experts, one should examine the latest results of Hyatt Hotels which were announced last May 4.
The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06). However, it beat expectations for revenue this time with $1.68 billion compared to estimates of $1.59 billion.
Hyatt Hotels also posted an impressive earnings yield of 9.31% and a dividend yield of 12.34%. These metrics reflect a company’s ability to generate value and effectively utilize its resources.
Looking ahead, analysts predict that Hyatt Hotels will post earnings of $2.64 per share for the current fiscal year, giving investors an important indication of what to expect going forward.
Finally, we should mention that Hyatt Hotels recently disclosed its dividend payout. The dividend was issued on June 12 to shareholders of record as of May 30. Each shareholder received $0.15 per share in the payout, representing a payout ratio of approximately 11.28%.
Finally, the recent developments by investors surrounding Hyatt Hotels show that there is incredible confidence that the company can grow and profit. A growing number of institutional investors and hedge funds highlight the attractiveness of Hyatt Hotels as an investment opportunity. Also, although the reports of analysts show different opinions, there seems to be a consensus that Hyatt Hotels has the prospect of a slight growth in the market. As it continues to focus on competition and capitalizing on the global hospitality industry, investors are eagerly anticipating the future of Hyatt Hotels.&
