Fmr LLC Has $7.92 Million Stock Position in Hyatt Hotels Co. (NYSE:H)

Fmr LLC trimmed its position in Hyatt Hotels Co. (NYSE:H) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,061 shares of the company’s stock after selling 514 shares during the quarter. Fmr LLC owned approximately 0.05% of Hyatt Hotels worth $7,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in H. Quantbot Technologies LP raised its holdings in Hyatt Hotels by 160.6% during the 3rd quarter. Quantbot Technologies LP now owns 35,933 shares of the company’s stock worth $5,469,000 after buying an additional 22,147 shares during the period. Loomis Sayles & Co. L P boosted its position in shares of Hyatt Hotels by 26.5% in the third quarter. Loomis Sayles & Co. L P now owns 3,116 shares of the company’s stock valued at $474,000 after acquiring an additional 653 shares during the period. Daiwa Securities Group Inc. lifted its position in Hyatt Hotels by 12.9% during the third quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock worth $533,000 after purchasing an additional 400 shares during the period. Icon Wealth Advisors LLC lifted its position in Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock worth $20,009,000 after purchasing an additional 130,724 shares during the period. Finally, Landscape Capital Management L.L.C. raised its stake in Hyatt Hotels by 151.6% during the third quarter. Landscape Capital Management L.L.C. now owns 21,364 shares of the company’s stock worth $3,252,000 after acquiring an additional 12,872 shares in the last quarter. Institutional investors own 71.02% of the company’s stock.

Hyatt Hotels Stock Up 1.4 %

Shares of NYSE H opened at $161.42 on Thursday. The company has a market cap of $15.50 billion, a P/E ratio of 12.16 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $154.69 and a two-hundred day simple moving average of $150.20. Hyatt Hotels Co. has a 52 week low of $124.40 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate 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 last year, the company posted $0.70 EPS. Research analysts anticipate that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.37%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 3,776 shares of the business’s 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 transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Macquarie lowered their price objective on Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Evercore ISI upped their target price on Hyatt Hotels from $145.00 to $155.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Truist Financial reduced their target price on Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their target price on Hyatt Hotels from $151.00 to $167.00 and gave the company a “neutral” rating in a report on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $152.64.

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.