Edgestream Partners L.P. Has $7.31 Million Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Edgestream Partners L.P. decreased its stake in Hyatt Hotels Co. (NYSE:H) by 3.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,994 shares of the company’s stock after selling 1,832 shares during the quarter. Edgestream Partners L.P.’s holdings in Hyatt Hotels were worth $7,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new stake in shares of Hyatt Hotels in the 3rd quarter valued at approximately $605,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Hyatt Hotels by 12.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,011 shares of the company’s stock valued at $36,682,000 after purchasing an additional 26,985 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Hyatt Hotels by 2,087.5% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,500 shares of the company’s stock worth $2,664,000 after buying an additional 16,700 shares during the period. Townsquare Capital LLC raised its position in Hyatt Hotels by 15.7% during the third quarter. Townsquare Capital LLC now owns 2,709 shares of the company’s stock valued at $412,000 after buying an additional 367 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Hyatt Hotels by 160.6% in the 3rd quarter. Quantbot Technologies LP now owns 35,933 shares of the company’s stock worth $5,469,000 after acquiring an additional 22,147 shares in the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Insider Activity at Hyatt Hotels

In other news, insider Mark R. Vondrasek sold 3,776 shares of Hyatt Hotels stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the sale, the insider now owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Up 1.2 %

Hyatt Hotels stock opened at $157.94 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a fifty-two week low of $112.85 and a fifty-two week high of $162.24. The firm has a fifty day moving average price of $153.54 and a two-hundred day moving average price of $149.52. The firm has a market cap of $15.17 billion, a price-to-earnings ratio of 11.90 and a beta of 1.50.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same quarter in the previous year, the firm earned $0.70 EPS. As a group, analysts forecast that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s payout ratio is 4.52%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group began coverage on Hyatt Hotels in a research note on Wednesday, September 18th. They set a “neutral” rating and a $151.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Bank of America lifted their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Cfra set a $155.00 price target on shares of Hyatt Hotels in a research note on Thursday, October 17th. Finally, Stifel Nicolaus lifted their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the company a “hold” rating in a research report on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $151.88.

About Hyatt Hotels

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 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, and other properties, including timeshare, fractional, residential, vacation, and condominium units.