Bank of Nova Scotia Sells 131,137 Shares of Hyatt Hotels Corporation $H

Bank of Nova Scotia cut its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,746,310 shares of the company’s stock after selling 131,137 shares during the period. Bank of Nova Scotia owned 1.83% of Hyatt Hotels worth $243,872,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in Hyatt Hotels by 86.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the company’s stock valued at $33,000 after acquiring an additional 111 shares in the last quarter. MAI Capital Management lifted its stake in shares of Hyatt Hotels by 53.4% during the 2nd quarter. MAI Capital Management now owns 270 shares of the company’s stock worth $38,000 after purchasing an additional 94 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Hyatt Hotels by 18,500.0% during the second quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $52,000 after purchasing an additional 370 shares in the last quarter. Fifth Third Bancorp boosted its position in Hyatt Hotels by 33.2% during the second quarter. Fifth Third Bancorp now owns 385 shares of the company’s stock valued at $54,000 after purchasing an additional 96 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Hyatt Hotels by 350.5% in the second quarter. Allworth Financial LP now owns 410 shares of the company’s stock valued at $57,000 after purchasing an additional 319 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider David Udell sold 4,300 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $166.00, for a total transaction of $713,800.00. Following the sale, the insider directly owned 13,746 shares of the company’s stock, valued at approximately $2,281,836. This trade represents a 23.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Sears sold 12,394 shares of Hyatt Hotels stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $155.51, for a total value of $1,927,390.94. Following the transaction, the insider owned 5,594 shares of the company’s stock, valued at $869,922.94. The trade was a 68.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 23,835 shares of company stock worth $3,737,955. 23.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

H has been the subject of several analyst reports. Morgan Stanley raised shares of Hyatt Hotels from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $147.00 to $168.00 in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. initiated coverage on shares of Hyatt Hotels in a research report on Monday, November 24th. They set an “overweight” rating and a $178.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Hyatt Hotels in a research note on Monday, December 1st. Wells Fargo & Company began coverage on Hyatt Hotels in a research report on Tuesday, November 18th. They set an “equal weight” rating and a $154.00 price target on the stock. Finally, Truist Financial increased their price objective on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hyatt Hotels currently has a consensus rating of “Moderate Buy” and an average target price of $158.93.

Hyatt Hotels Trading Down 0.4%

Hyatt Hotels stock opened at $155.97 on Monday. The stock has a 50-day moving average price of $150.10 and a 200 day moving average price of $143.75. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of -167.70, a price-to-earnings-growth ratio of 3.91 and a beta of 1.28. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 1.47.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Hyatt Hotels had a positive return on equity of 3.22% and a negative net margin of 1.27%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. Sell-side analysts anticipate that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, November 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels’s payout ratio is currently -64.52%.

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.