Natixis Advisors LLC increased its stake in Hyatt Hotels Corporation (NYSE:H – Free Report) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,730 shares of the company’s stock after buying an additional 2,648 shares during the quarter. Natixis Advisors LLC’s holdings in Hyatt Hotels were worth $3,484,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of H. Allspring Global Investments Holdings LLC grew its position in Hyatt Hotels by 14.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 248,131 shares of the company’s stock valued at $41,083,000 after acquiring an additional 32,048 shares during the last quarter. JPMorgan Chase & Co. grew its position in Hyatt Hotels by 17.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock valued at $20,911,000 after acquiring an additional 22,071 shares during the last quarter. Assetmark Inc. grew its position in Hyatt Hotels by 4.4% in the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock valued at $11,397,000 after acquiring an additional 3,387 shares during the last quarter. Truist Financial Corp grew its position in Hyatt Hotels by 970.8% in the 4th quarter. Truist Financial Corp now owns 18,524 shares of the company’s stock valued at $2,970,000 after acquiring an additional 16,794 shares during the last quarter. Finally, Candlestick Capital Management LP grew its position in Hyatt Hotels by 53.9% in the 3rd quarter. Candlestick Capital Management LP now owns 631,290 shares of the company’s stock valued at $89,599,000 after acquiring an additional 221,039 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Citigroup upped their price objective on Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Robert W. Baird increased their price target on Hyatt Hotels from $183.00 to $185.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Stifel Nicolaus set a $182.00 price target on Hyatt Hotels in a research report on Friday, May 29th. Finally, Truist Financial increased their price target on Hyatt Hotels from $181.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of “Moderate Buy” and a consensus target price of $192.40.
Hyatt Hotels Trading Up 0.2%
Shares of NYSE:H opened at $194.08 on Wednesday. Hyatt Hotels Corporation has a 52-week low of $127.59 and a 52-week high of $199.87. The stock has a market cap of $18.27 billion, a price-to-earnings ratio of -554.50 and a beta of 1.33. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average price of $167.52 and a 200-day moving average price of $162.79.
Hyatt Hotels (NYSE:H – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.06. Hyatt Hotels had a positive return on equity of 6.01% and a negative net margin of 0.48%.The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the business posted $0.46 earnings per share. Equities analysts predict that Hyatt Hotels Corporation will post 3.58 EPS for the current year.
Hyatt Hotels Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a $0.15 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.3%. Hyatt Hotels’s payout ratio is -171.43%.
Insiders Place Their Bets
In other news, Director Susan D. Kronick sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $174.51, for a total value of $195,276.69. Following the completion of the sale, the director directly owned 31,225 shares in the company, valued at $5,449,074.75. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jnp 2010-Pg Trust sold 213,434 shares of Hyatt Hotels stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $167.75, for a total value of $35,803,553.50. Following the completion of the sale, the insider directly owned 213,434 shares in the company, valued at $35,803,553.50. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 237,458 shares of company stock valued at $40,093,807. 23.60% of the stock is owned by insiders.
About Hyatt Hotels
Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt’s business model combines property ownership, management contracts and third-party franchising.
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