Ardevora Asset Management LLP cut its holdings in Hyatt Hotels Co. (NYSE:H – Free Report) by 60.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,720 shares of the company’s stock after selling 230,317 shares during the quarter. Ardevora Asset Management LLP owned approximately 0.14% of Hyatt Hotels worth $16,926,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming increased its holdings in shares of Hyatt Hotels by 4.2% during the fourth quarter. State of Wyoming now owns 2,180 shares of the company’s stock worth $197,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC raised its position in Hyatt Hotels by 10.5% in the first quarter. Signaturefd LLC now owns 948 shares of the company’s stock valued at $106,000 after purchasing an additional 90 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Hyatt Hotels by 80.4% during the first quarter. Parallel Advisors LLC now owns 276 shares of the company’s stock valued at $31,000 after purchasing an additional 123 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Hyatt Hotels by 4.2% during the third quarter. M&T Bank Corp now owns 3,284 shares of the company’s stock worth $266,000 after purchasing an additional 132 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Hyatt Hotels by 0.7% in the first quarter. Treasurer of the State of North Carolina now owns 20,693 shares of the company’s stock valued at $2,313,000 after buying an additional 140 shares during the period. Institutional investors own 46.03% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. StockNews.com began coverage on Hyatt Hotels in a research report on Thursday, August 17th. They set a “hold” rating for the company. Barclays reduced their price objective on shares of Hyatt Hotels from $126.00 to $123.00 and set an “equal weight” rating for the company in a report on Friday, August 4th. Truist Financial decreased their price objective on Hyatt Hotels from $149.00 to $146.00 in a report on Friday. Citigroup reiterated a “neutral” rating and set a $122.00 price target on shares of Hyatt Hotels in a report on Friday, June 30th. Finally, Sanford C. Bernstein upped their target price on shares of Hyatt Hotels from $136.00 to $147.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $124.70.
Hyatt Hotels Stock Performance
Shares of H stock opened at $107.36 on Friday. Hyatt Hotels Co. has a 52 week low of $77.70 and a 52 week high of $127.80. The firm’s 50-day simple moving average is $115.83 and its two-hundred day simple moving average is $113.79. The firm has a market cap of $11.26 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 19.17 and a beta of 1.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.76 and a current ratio of 0.76.
Hyatt Hotels (NYSE:H – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.01). Hyatt Hotels had a net margin of 6.88% and a return on equity of 13.30%. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, equities analysts forecast that Hyatt Hotels Co. will post 2.52 earnings per share for the current year.
Hyatt Hotels Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, August 24th. Hyatt Hotels’s dividend payout ratio is currently 14.63%.
Insider Buying and Selling at Hyatt Hotels
In related news, Director Michael A. Rocca sold 1,508 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $113.87, for a total value of $171,715.96. Following the completion of the transaction, the director now directly owns 18,285 shares of the company’s stock, valued at approximately $2,082,112.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 21.24% of the company’s stock.
Hyatt Hotels Company Profile
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/SW Asia 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, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units.
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