Oxinas Partners Wealth Management LLC Trims Holdings in Hyatt Hotels Co. (NYSE:H)

Oxinas Partners Wealth Management LLC lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 26.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the company’s stock after selling 850 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Hyatt Hotels were worth $383,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of H. Vanguard Group Inc. lifted its holdings in Hyatt Hotels by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,221,373 shares of the company’s stock worth $550,509,000 after purchasing an additional 144,356 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hyatt Hotels by 6.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock worth $313,673,000 after acquiring an additional 148,804 shares during the last quarter. Morgan Stanley increased its holdings in Hyatt Hotels by 1.1% in the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock valued at $232,836,000 after acquiring an additional 24,121 shares during the last quarter. Franklin Resources Inc. lifted its stake in Hyatt Hotels by 28.5% in the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after purchasing an additional 432,594 shares in the last quarter. Finally, Bank of Nova Scotia boosted its holdings in shares of Hyatt Hotels by 0.6% during the 4th quarter. Bank of Nova Scotia now owns 1,672,454 shares of the company’s stock valued at $218,105,000 after purchasing an additional 9,919 shares during the last quarter. 71.02% of the stock is currently owned by institutional investors.

Hyatt Hotels Stock Down 0.1 %

NYSE H traded down $0.20 on Tuesday, hitting $148.65. The stock had a trading volume of 440,990 shares, compared to its average volume of 616,901. The business’s fifty day moving average price is $148.93 and its 200 day moving average price is $144.34. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 23.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Hyatt Hotels Co. has a 52-week low of $96.77 and a 52-week high of $161.50.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.02). The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.72 billion. Hyatt Hotels had a return on equity of 8.44% and a net margin of 10.21%. During the same period in the prior year, the business posted $0.41 EPS. Equities research analysts anticipate that Hyatt Hotels Co. will post 3.48 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.60 annualized dividend and a yield of 0.40%. Hyatt Hotels’s payout ratio is presently 9.32%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on H shares. Mizuho upped their price target on shares of Hyatt Hotels from $195.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. TD Cowen lifted their price target on Hyatt Hotels from $95.00 to $160.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. StockNews.com upgraded Hyatt Hotels from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Morgan Stanley cut Hyatt Hotels from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $149.00 to $156.00 in a report on Monday, March 11th. Finally, Truist Financial lowered their price target on Hyatt Hotels from $172.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Hyatt Hotels has an average rating of “Hold” and an average price target of $150.69.

Insider Activity

In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of Hyatt Hotels stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total transaction of $177,779.28. Following the completion of the sale, the director now directly owns 20,219 shares in the company, valued at approximately $3,023,144.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Hyatt Hotels news, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the transaction, the director now directly owns 20,219 shares of the company’s stock, valued at $3,023,144.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joan Bottarini sold 10,695 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total value of $1,592,699.40. Following the completion of the sale, the insider now owns 16,104 shares in the company, valued at approximately $2,398,207.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,189 shares of company stock valued at $1,815,619. Company insiders own 23.50% of the company’s stock.

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.