Hyatt Hotels Co. (NYSE:H) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 15.5% during the 4th quarter, HoldingsChannel reports. The firm owned 5,102 shares of the company’s stock after selling 938 shares during the period. Great Lakes Advisors LLC’s holdings in Hyatt Hotels were worth $801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of Hyatt Hotels by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after acquiring an additional 7,440 shares during the last quarter. TT International Asset Management LTD acquired a new position in shares of Hyatt Hotels during the 4th quarter valued at about $5,283,000. Bamco Inc. NY boosted its position in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after acquiring an additional 68,608 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Hyatt Hotels by 17,641.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after acquiring an additional 130,724 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in shares of Hyatt Hotels during the 3rd quarter valued at about $4,520,000. Institutional investors and hedge funds own 73.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on H. Wells Fargo & Company lowered their price target on shares of Hyatt Hotels from $172.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Macquarie decreased their target price on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, February 14th. Robert W. Baird decreased their target price on shares of Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Evercore ISI raised shares of Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $162.24.

Insider Buying and Selling

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $141.78, for a total value of $226,848.00. Following the transaction, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Stock Up 1.2 %

H stock opened at $122.28 on Friday. The company’s 50 day moving average price is $148.28 and its 200 day moving average price is $151.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83. Hyatt Hotels Co. has a fifty-two week low of $119.30 and a fifty-two week high of $168.20. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 9.83 and a beta of 1.51.

Hyatt Hotels (NYSE:H) last released its earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, equities research analysts anticipate that Hyatt Hotels Co. will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. Hyatt Hotels’s payout ratio is 4.82%.

Hyatt Hotels 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 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.