Barclays PLC Cuts Holdings in Hyatt Hotels Corporation $H

Barclays PLC lowered its position in Hyatt Hotels Corporation (NYSE:H) by 7.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 435,443 shares of the company’s stock after selling 36,778 shares during the quarter. Barclays PLC owned 0.46% of Hyatt Hotels worth $61,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of H. Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 21.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock valued at $669,221,000 after acquiring an additional 843,121 shares in the last quarter. Veritas Asset Management LLP acquired a new position in shares of Hyatt Hotels during the third quarter worth about $29,067,000. JPMorgan Chase & Co. boosted its position in shares of Hyatt Hotels by 17.6% in the third quarter. JPMorgan Chase & Co. now owns 147,333 shares of the company’s stock worth $20,911,000 after buying an additional 22,071 shares during the period. Davidson Investment Advisors purchased a new stake in shares of Hyatt Hotels during the 3rd quarter valued at about $9,990,000. Finally, Assetmark Inc. lifted its position in Hyatt Hotels by 4.4% during the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock worth $11,397,000 after acquiring an additional 3,387 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hyatt Hotels

In other news, insider Javier Aguila sold 9,548 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the sale, the insider directly owned 2,684 shares in the company, valued at approximately $445,195.08. This represents a 78.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.70% of the company’s stock.

Hyatt Hotels Stock Up 4.1%

H stock opened at $155.79 on Tuesday. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of -278.20, a PEG ratio of 1.78 and a beta of 1.22. Hyatt Hotels Corporation has a 1-year low of $102.43 and a 1-year high of $180.53. The firm has a fifty day moving average price of $163.63 and a two-hundred day moving average price of $154.91. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.75.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $1.04. Hyatt Hotels had a negative net margin of 0.73% and a positive return on equity of 5.53%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the firm posted $0.42 EPS. Research analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, March 2nd. Hyatt Hotels’s payout ratio is presently -107.14%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on H shares. Robert W. Baird upped their target price on shares of Hyatt Hotels from $154.00 to $156.00 and gave the company a “neutral” rating in a research note on Thursday, November 20th. Stifel Nicolaus lifted their target price on Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, December 31st. Wall Street Zen upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Wells Fargo & Company upped their target price on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Finally, Citigroup increased their price objective on shares of Hyatt Hotels from $167.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Moderate Buy” and an average target price of $176.40.

Hyatt Hotels Profile

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.