Hyatt Hotels Co. (NYSE:H) Stake Cut by GAM Holding AG

GAM Holding AG lessened its holdings in shares of Hyatt Hotels Co. (NYSE:H) by 43.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,900 shares of the company’s stock after selling 35,701 shares during the quarter. GAM Holding AG’s holdings in Hyatt Hotels were worth $7,205,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in shares of Hyatt Hotels by 750.0% during the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after acquiring an additional 300 shares in the last quarter. Truist Financial Corp purchased a new position in Hyatt Hotels in the fourth quarter valued at about $307,000. CIBC Asset Management Inc acquired a new position in Hyatt Hotels in the 4th quarter worth about $217,000. Sanctuary Advisors LLC raised its stake in shares of Hyatt Hotels by 6.2% during the 4th quarter. Sanctuary Advisors LLC now owns 5,607 shares of the company’s stock worth $892,000 after purchasing an additional 329 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Hyatt Hotels by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after buying an additional 46,413 shares during the last quarter. Institutional investors and hedge funds own 73.54% of the company’s stock.

Insider Activity

In other news, insider Mark R. Vondrasek sold 3,776 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at approximately $927,622.02. This represents a 39.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on H. JPMorgan Chase & Co. raised their price objective on shares of Hyatt Hotels from $163.00 to $168.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a report on Friday, November 1st. Macquarie decreased their price objective on shares of Hyatt Hotels from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Friday. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group upped their price target on Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Hyatt Hotels has an average rating of “Hold” and a consensus target price of $162.13.

Hyatt Hotels Stock Down 3.0 %

NYSE H opened at $143.02 on Tuesday. Hyatt Hotels Co. has a twelve month low of $128.90 and a twelve month high of $168.20. The stock has a market cap of $13.74 billion, a PE ratio of 10.78 and a beta of 1.48. The firm has a 50-day simple moving average of $156.47 and a 200 day simple moving average of $152.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.79 and a current ratio of 0.79.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.63 billion. Hyatt Hotels had a return on equity of 10.74% and a net margin of 20.55%. During the same period in the previous year, the business posted $0.64 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.81 EPS for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, February 28th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 4.52%.

Hyatt Hotels Profile

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.