Allspring Global Investments Holdings LLC Sells 210,040 Shares of Hyatt Hotels Co. (NYSE:H)

Allspring Global Investments Holdings LLC lessened its holdings in Hyatt Hotels Co. (NYSE:H) by 78.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 58,288 shares of the company’s stock after selling 210,040 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Hyatt Hotels were worth $7,601,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in H. Vanguard Group Inc. increased its stake in shares of Hyatt Hotels by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,469,443 shares of the company’s stock valued at $361,847,000 after buying an additional 37,317 shares during the period. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 0.5% during the third quarter. Principal Financial Group Inc. now owns 2,256,479 shares of the company’s stock worth $239,367,000 after buying an additional 11,041 shares during the period. Select Equity Group L.P. lifted its holdings in Hyatt Hotels by 196.2% in the first quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company’s stock valued at $246,697,000 after buying an additional 1,461,693 shares during the period. Morgan Stanley boosted its position in Hyatt Hotels by 1.1% during the third quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock valued at $232,836,000 after acquiring an additional 24,121 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Hyatt Hotels by 14.6% during the 2nd quarter. BlackRock Inc. now owns 2,168,020 shares of the company’s stock worth $248,412,000 after acquiring an additional 275,503 shares during the period. 71.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Mizuho initiated coverage on Hyatt Hotels in a research note on Tuesday, March 26th. They set a “buy” rating and a $197.00 target price for the company. Morgan Stanley lowered shares of Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $149.00 to $156.00 in a research note on Monday, March 11th. Jefferies Financial Group upped their price objective on shares of Hyatt Hotels from $104.00 to $127.00 and gave the company a “hold” rating in a report on Tuesday, January 2nd. StockNews.com raised Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price objective on Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.53.

Hyatt Hotels Stock Performance

NYSE H opened at $148.81 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The company has a fifty day moving average price of $150.66 and a 200-day moving average price of $129.72. Hyatt Hotels Co. has a 1 year low of $96.77 and a 1 year high of $161.50. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 72.94, a PEG ratio of 21.69 and a beta of 1.49.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm posted $2.55 EPS. As a group, equities research analysts predict that Hyatt Hotels Co. will post 3.24 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Wednesday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 29.41%.

Insiders Place Their Bets

In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Mark Samuel Hoplamazian sold 75,457 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $158.47, for a total transaction of $11,957,670.79. Following the completion of the transaction, the insider now owns 459,000 shares in the company, valued at approximately $72,737,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,077,803 shares of company stock valued at $325,526,849. Insiders own 21.24% of the company’s stock.

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.