Allspring Global Investments Holdings LLC Has $41.08 Million Stake in Hyatt Hotels Corporation $H

Allspring Global Investments Holdings LLC boosted its stake in Hyatt Hotels Corporation (NYSE:HFree Report) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,131 shares of the company’s stock after acquiring an additional 32,048 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.26% of Hyatt Hotels worth $41,083,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 450.0% in the third quarter. Johnson Financial Group Inc. now owns 176 shares of the company’s stock valued at $25,000 after purchasing an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Hyatt Hotels by 98.2% during the third quarter. EverSource Wealth Advisors LLC now owns 216 shares of the company’s stock worth $31,000 after buying an additional 107 shares in the last quarter. Quent Capital LLC acquired a new stake in Hyatt Hotels in the 3rd quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC bought a new stake in Hyatt Hotels in the 3rd quarter valued at approximately $34,000. Finally, Smartleaf Asset Management LLC boosted its position in Hyatt Hotels by 66.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 274 shares of the company’s stock worth $40,000 after acquiring an additional 109 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.

Key Stories Impacting Hyatt Hotels

Here are the key news stories impacting Hyatt Hotels this week:

Hyatt Hotels Stock Performance

Shares of H stock opened at $143.66 on Friday. The company has a fifty day moving average price of $156.11 and a two-hundred day moving average price of $154.85. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $180.53. The stock has a market cap of $13.57 billion, a P/E ratio of -256.53, a P/E/G ratio of 1.70 and a beta of 1.28. 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:HGet Free Report) last issued its earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.78 billion. During the same period in the prior year, the firm earned $0.42 EPS. As a group, equities analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Hyatt Hotels’s payout ratio is currently -107.14%.

Analyst Ratings Changes

A number of research firms have recently issued reports on H. JPMorgan Chase & Co. lifted their price objective on shares of Hyatt Hotels from $178.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Truist Financial raised their target price on shares of Hyatt Hotels from $168.00 to $181.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Stifel Nicolaus lifted their price target on shares of Hyatt Hotels from $158.00 to $164.00 and gave the company a “hold” rating in a research note on Wednesday, December 31st. Citigroup increased their price objective on shares of Hyatt Hotels from $167.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company raised their price objective on Hyatt Hotels from $167.00 to $171.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.67.

Read Our Latest Analysis on Hyatt Hotels

Insider Buying and Selling at Hyatt Hotels

In related news, insider Kinsey Wolf sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $147.28, for a total transaction of $58,912.00. Following the transaction, the insider directly owned 545 shares of the company’s stock, valued at approximately $80,267.60. The trade was a 42.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Company Profile

(Free Report)

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.

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

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