D. E. Shaw & Co. Inc. Decreases Stock Holdings in Hyatt Hotels Co. (NYSE:H)

D. E. Shaw & Co. Inc. lessened its stake in shares of Hyatt Hotels Co. (NYSE:H) by 57.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,478 shares of the company’s stock after selling 19,503 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Hyatt Hotels were worth $2,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Hyatt Hotels during the fourth quarter valued at about $77,136,000. Invesco Ltd. boosted its position in Hyatt Hotels by 241.4% during the fourth quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares in the last quarter. Norges Bank purchased a new stake in Hyatt Hotels in the fourth quarter valued at about $61,572,000. Alyeska Investment Group L.P. acquired a new stake in Hyatt Hotels in the fourth quarter worth about $43,953,000. Finally, Deutsche Bank AG boosted its holdings in Hyatt Hotels by 209.8% in the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company’s stock worth $40,118,000 after acquiring an additional 173,075 shares in the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on H shares. Morgan Stanley lowered their price target on Hyatt Hotels from $127.00 to $112.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Susquehanna lifted their target price on Hyatt Hotels from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Stifel Nicolaus decreased their target price on Hyatt Hotels from $156.75 to $132.00 and set a “hold” rating for the company in a report on Wednesday, April 16th. Melius Research raised Hyatt Hotels to a “strong-buy” rating in a report on Monday, April 21st. Finally, Mizuho decreased their target price on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and a consensus target price of $151.17.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total transaction of $122,950.00. Following the transaction, the insider now directly owns 811 shares in the company, valued at $99,712.45. This represents a 55.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares of the company’s stock, valued at $1,090,561.60. This trade represents a 51.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 377,220 shares of company stock valued at $49,921,103. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of NYSE:H opened at $132.06 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50 day moving average price is $119.28 and its 200-day moving average price is $141.06. The firm has a market capitalization of $12.61 billion, a PE ratio of 10.62 and a beta of 1.36. Hyatt Hotels Co. has a 1 year low of $102.43 and a 1 year high of $168.20.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. Hyatt Hotels had a return on equity of 9.81% and a net margin of 19.50%. During the same period in the previous year, the company posted $0.71 earnings per share. As a group, equities research analysts expect that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is currently 7.79%.

Hyatt Hotels Company 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.