Gabelli Funds LLC Reduces Holdings in Hyatt Hotels Co. (NYSE:H)

Gabelli Funds LLC cut its stake in Hyatt Hotels Co. (NYSE:HFree Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,500 shares of the company’s stock after selling 500 shares during the period. Gabelli Funds LLC’s holdings in Hyatt Hotels were worth $2,021,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in H. Principal Financial Group Inc. boosted its stake in Hyatt Hotels by 6.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock worth $313,673,000 after purchasing an additional 148,804 shares during the period. Morgan Stanley boosted its stake in shares of Hyatt Hotels by 1.1% during the third quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock worth $232,836,000 after buying an additional 24,121 shares during the period. Franklin Resources Inc. grew its holdings in shares of Hyatt Hotels by 28.5% during the fourth quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after buying an additional 432,594 shares during the last quarter. Bank of Nova Scotia increased its position in Hyatt Hotels by 0.6% in the 4th quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after acquiring an additional 9,919 shares during the period. Finally, Cadian Capital Management LP raised its stake in Hyatt Hotels by 7.2% during the 3rd quarter. Cadian Capital Management LP now owns 621,800 shares of the company’s stock valued at $65,961,000 after acquiring an additional 41,800 shares during the last quarter. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Trading Down 0.4 %

Shares of Hyatt Hotels stock opened at $145.15 on Monday. The business has a 50 day moving average price of $150.34 and a 200 day moving average price of $140.78. The company has a market capitalization of $14.69 billion, a P/E ratio of 22.54 and a beta of 1.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Hyatt Hotels Co. has a 1 year low of $96.77 and a 1 year high of $161.50.

Hyatt Hotels (NYSE:HGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.02). The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same period last year, the firm earned $0.41 earnings per share. Sell-side analysts anticipate that Hyatt Hotels Co. will post 3.34 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio (DPR) is presently 9.32%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on H shares. Mizuho boosted their target price on Hyatt Hotels from $195.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Royal Bank of Canada boosted their price objective on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Truist Financial cut their price target on shares of Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Morgan Stanley lowered 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 report on Monday, March 11th. Finally, Sanford C. Bernstein raised their price target on Hyatt Hotels from $184.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, May 13th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.31.

Get Our Latest Stock Report on H

Insider Activity

In other news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Traubert Foundation Pritzker sold 704,229 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $157.97, for a total transaction of $111,247,055.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 13th. The shares were 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. Insiders sold a total of 1,999,229 shares of company stock valued at $313,139,355 over the last 90 days. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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