Gabelli Funds LLC Has $2.39 Million Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Gabelli Funds LLC lowered its position in Hyatt Hotels Co. (NYSE:H) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,000 shares of the company’s stock after selling 500 shares during the period. Gabelli Funds LLC’s holdings in Hyatt Hotels were worth $2,394,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in Hyatt Hotels during the fourth quarter valued at $72,086,000. Bain Capital Public Equity Management II LLC purchased a new position in Hyatt Hotels during the 4th quarter valued at about $57,284,000. Franklin Resources Inc. grew its holdings in shares of Hyatt Hotels by 28.5% during the 4th quarter. Franklin Resources Inc. now owns 1,948,171 shares of the company’s stock worth $254,061,000 after acquiring an additional 432,594 shares during the period. Artemis Investment Management LLP purchased a new position in shares of Hyatt Hotels during the 1st quarter worth approximately $48,302,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Hyatt Hotels by 6.6% during the 4th 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 period. Institutional investors own 71.02% of the company’s stock.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Joan Bottarini sold 10,695 shares of Hyatt Hotels stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the completion of the transaction, the insider now directly owns 16,104 shares of the company’s stock, valued at $2,398,207.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Joan Bottarini sold 10,695 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $148.92, for a total transaction of $1,592,699.40. Following the completion of the transaction, the insider now directly owns 16,104 shares in the company, valued at approximately $2,398,207.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael A. Rocca sold 1,189 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $149.52, for a total value of $177,779.28. Following the completion of the sale, the director now owns 20,219 shares in the company, valued at approximately $3,023,144.88. The disclosure for this sale can be found here. Insiders have sold a total of 12,189 shares of company stock worth $1,815,619 over the last 90 days. Insiders own 23.50% of the company’s stock.

Hyatt Hotels Price Performance

H traded down $0.41 on Friday, reaching $149.85. The company had a trading volume of 476,218 shares, compared to its average volume of 395,951. The company has a fifty day moving average of $149.76 and a 200-day moving average of $147.14. The company has a market capitalization of $15.16 billion, a P/E ratio of 23.27 and a beta of 1.51. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. Hyatt Hotels Co. has a one year low of $96.77 and a one year high of $162.24.

Hyatt Hotels (NYSE:H) last announced its earnings results on Thursday, May 9th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.02). The firm 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 quarter in the previous year, the business earned $0.41 earnings per share. As a group, equities research analysts anticipate that Hyatt Hotels Co. will post 3.47 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 29th were issued 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 dividend payout ratio (DPR) is presently 9.32%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Hyatt Hotels from $171.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Barclays raised their price objective on shares of Hyatt Hotels from $153.00 to $159.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Robert W. Baird lifted their price objective on shares of Hyatt Hotels from $160.00 to $162.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Susquehanna initiated coverage on shares of Hyatt Hotels in a research report on Friday, June 21st. They set a “neutral” rating and a $160.00 target price for the company. Finally, Truist Financial reduced their price target on shares of 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $151.19.

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.